China rout, oil gloom deepen losses in Asian shares.
RESENDING WITH FULL
SCRIPT
Asian stocks fall as oil slides down more than two percent.
SHOWS: SHANGHAI,
CHINA (JANUARY 26, 2016) (
REUTERS -
ACCESS ALL)
1. INVESTORS INSIDE
STOCK EXCHANGE
2. VARIOUS OF STOCK INFORMATION ON
SCREEN
3. INVESTOR LOOKING
4. SCREEN SHOWING STOCK INFORMATION
5. INVESTORS INSIDE A STOCK EXCHANGE
6. VARIOUS OF STOCK INFORMATION ON SCREEN
7. INVESTORS INSIDE A STOCK EXCHANGE
HONG KONG, CHINA (JANUARY 26, 2016)(REUTERS - ACCESS ALL)
8. EXCHANGE
SQUARE
9.
FLAGS
10. STOCK EXCHANGE FLOOR
11. VARIOUS OF STOCKS
BOARD
12. SCREEN SHOWING HANG
SENG DOWN 2.48 PERCENT AT CLOSING BELL
13. TRADER ON PHONE
14. STOCKS TICKER
TOKYO,
JAPAN (JANUARY 26, 2016) (REUTERS - ACCESS ALL)
15. TOKYO
STOCK EXCHANGE (TSE) BUILDING
16.
SIGN READING (
English): "
JPX, TOKYO STOCK EXCHANGE"
17. TOKYO MARKET CENTER
18. VARIOUS OF
TSE WORKERS
19. ELECTRONIC STOCK BOARD ALARMING AT THE CLOSING OF TOKYO STOCK
20. ELECTRONIC STOCK BOARD SHOWING NIKKEI 225 STOCK AVERAGE CLOSING AT 16708.90 DOWN 402
.01 POINTS
21. TSE CENTER
22. VARIOUS OF REVOLVING STOCK
PRICE TICKER
SEOUL, SOUTH
KOREA (JANUARY 26, 2016) (REUTERS - ACCESS ALL)
23.
CARS DRIVING ON SEOUL STREETS
24.
PEOPLE WALKING
ACROSS STREET
25. INTERIOR OF DEALING ROOM AT
KEB HANA BANK
26. ELECTRONIC BOARD SHOWING KOREA COMPOSITE STOCK PRICE
INDEX (
KOSPI)
27. VARIOUS OF DEALERS WORKING
28. MORE OF INTERIOR OF DEALING ROOM
STORY: A plunge in
Chinese share markets capped a miserable day for Asian equities on Tuesday (
January 26), with a renewed slide in oil prices giving investors few reasons to reassess a darkening outlook for the global economy.
Mainland Chinese shares slumped more than six percent to a 14-month low in another
sign that authorities in
Beijing have their work cut out in their efforts to stabilise the fickle domestic markets.
Hong Kong shares tumbled more than 2 percent on Tuesday, dragged lower by resumed slides in global equity markets and oil prices.
A sharp sell-off in mainland
China markets in afternoon trade added to the selling pressure in Hong Kong.
The
Hang Seng index ended down 2.
5 percent at 18,860.80 points while the China Enterprises
Index lost 3.4 percent to 7,895.16.
Crude oil prices have tumbled around 7 percent so far this week as top producers show no sign of cutting production.
Oil prices have fallen more than 75 percent from their
2012 peaks as global output was boosted by
U.S. shale oil production and demand growth turned tepid, partially caused by the
Chinese economy's slowing growth.
The massive price fall is putting huge pressure on profitability of energy firms worldwide, which are in turn slashing investment and cutting jobs.
In Japan, the stock market tumbled more than two percent.
The Nikkei average slid 402.01 points closing at 16708.90, while the broader
Topix shed 32.4 points to 1360.23, after rising to a one-week high on the previous day.
South Korean shares also finished onshore trade down after investors fretted over weak fourth-quarter earnings at home as well as concerns over global economic growth.
The
Korea Composite Stock Price Index (KOSPI) closed down
1.2 percent at 1,871.69 points.
European shares are expected to follow suit. Spreadbetters are expecting
Britain's
FTSE and
France's
CAC 40 to fall by as much as 0.8 percent and
Germany's
DAX to drop 0.7 percent.