Asian stocks sink on US turbulence

Beijing,10 Rabi’II,1437 AH, 20 January,2016 , SPA — Asian stock prices tumbled Wednesday after the IMF’s lower growth forecast added to anxiety over Wall Street turbulence and a weaker Chinese economy, AP reported.
Tokyo’s Nikkei 225 fell 3.7 percent to 16,420.81 and Hong Kong’s Hang Seng retreated 3.5 percent to 18,953.96. The Shanghai Composite Index lost 1.3 percent to 2,968.92 and South Korea’s Kospi was off 2.3 percent at 1,846.41. Australia’s ASX/S&P 200 shed 1.3 percent to 4,841.50. India’s Sensex was down 1.6 percent at 24,088.07. Markets in Southeast Asia also retreated.
— SPA
11:35 LOCAL TIME 08:35 GMT