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Stock impact report

Asian shares hit one-year low on Turkey, China worries [Reuters (UK)]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Reuters
Asian shares hit one-year low on Turkey, China worries | Reuters 4 Min Read TOKYO (Reuters) - Asian shares hit fresh one-year lows in early trading on Thursday, while oil and precious metal prices also tumbled as Turkey’s currency crisis and fears of an economic slowdown in China fanned worries about global growth. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 1.0 percent, while Japan's Nikkei .N225 and the Australian benchmark dropped 1.2 percent and 0.4 percent, respectively. Chinese stocks continued to sag, with the Shanghai Composite Index .SSEC and Hong Kong's Hang Seng index .HSI shedding 1.1 percent and 0.9 percent, respectively. Tech shares came under pressure after China’s Tencent Holdings Ltd ( 0700.HK ) reported its first quarterly profit fall in nearly 13 years on weak gaming revenue. The knock to the rest of the sector sent South Korea’s Samsung Electronics ( 005930.KS ) to a one-year low. Wall Street's major indexes closed lower on Wed Show less Read more
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