Japan's Nikkei share average hit its lowest in two and a half years in the early afternoon trade on Monday, led by exporters such as Sony Corp after bleak U.S. jobs data added to fears that the world's largest economy is already in recession.
As of 09:04 IST, the benchmark Nikkei had fallen 1.8 percent to 12,549.14, its lowest since Sept. 8, 2005. The broader TOPIX index shed 1.6 percent to 1,227.49. Hong Kong stocks fell onMonday, as investors sold shares across the board on deepening fears of a U.S. recession after the latest U.S. labour datashowed employers cut jobs by the most in nearly five years. The benchmark Hang Seng Index opened down 0.5 percent at 22,387.25. The China Enterprises Index of Hong Kong-listed mainland companies , or H shares, was down 1.5 percent at
12,147.57.
Source:Reuters
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