It hasn’t been such a happy new year for global stock markets, which saw trading get off to a negative start after the New Year’s Day holiday.
The MSCI Asia Pacific Index, which excludes Japan, fell 1.9% on the first day of 2019 trading – its worst start to the year since 2016, Bloomberg’s Eric Lam reports.
Individual exchanges across the region were in similar record-setting mood. Hong Kong’s Hang Seng Index saw its biggest drop in more than two months, falling 2.8%, and the Shanghai-Shenzhen CSI 300 Index fell 1.4% to its lowest close since March 2016. In Australia, the S&P/ASX 200 dropped 1.6% and exchanges in Taiwan and Korea fell by at least 1.5%.
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