Stocks in Asia Pacific dropped in Friday morning trade after an overnight plunge on Wall Street amid fears of a second wave resurgence of the coronavirus pandemic.
South Korea’s Kospi led losses among the region’s major markets, plummeting 2.98% in morning trade as shares of automaker Hyundai Motor fell more than 3%. The Kosdaq index also dropped more than 2%.
In Japan, the Nikkei 225 slipped 1.99% while the Topix index fell 2.01%.
Meanwhile, Australia’s S&P/ASX 200 declined 2.67%.
Overall, the MSCI Asia ex-Japan index traded 1.12% lower.
Source: CNBC