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Asia-Pacific equity markets face steep declines

To say Asia-Pacific equities had a bad day on Thursday might be underselling it. Here’s a round-up of falls by the region’s top stock benchmarks following on from the worst day in  eight months for US stocks.

The Shanghai Composite index tumbled 5.2 per cent, pushing below the nadir touched in early 2016 which had capped a stock rout that began the previous year and the sharpest one-day fall since February 2016. The Shenzhen Composite was also down 6.7 per cent while the CSI 300 of large-cap Shanghai and Shenzhen-listed stocks dropped 4.8 per cent.

In Hong Kong, the Hang Seng China Enterprises index was down 4 per cent while the broader Hang Seng index dropped 3.8 per cent.

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