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Asian markets fall after Dow Jones slumped for the second time this week

Major Asian markets suffered sharp losses on Friday, following another day of steep falls on Wall Street.
In a volatile week for global investors, Japan’s Nikkei 225 index slid 2.8%, while China’s Shanghai Composite slumped by 4.1%.
Earlier, the Dow Jones Industrial Average fell by more than 1,000 points for the second time this week.
Sell-offs around the world have been pinned partly on concerns over higher interest rates.
Elsewhere in Asia on Friday, Hong Kong’s Hang Seng pulled back 3.7%, while South Korea’s Kospi index traded down 1.6% and Australia’s S&P/ASX 200 eased 0.8%.
Those losses came as little surprise, with moves in major US markets providing the cue for global investors.

China was the worst performer in Asia on Friday – on track for its worst day in nearly two years – as losses deepened from declines seen earlier this week.
Chinese stock markets tend to be volatile and are dominated by retail investors, rather than big institutions like many other major markets.
But falls in China can spark nervousness around the world over sentiment in the world’s second largest economy.

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