Asian markets resume plunge after Dow enters bear market

Asian markets fell in early trading Thursday, after another selloff on Wall Street that left the Dow in bear-market territory amid the global coronavirus pandemic.

Japan’s Nikkei NIK, -5.17% slid 5.2% and Hong Kong’s Hang Seng Index HSI, -3.66% fell 3.6%. The Shanghai Composite SHCOMP, -1.21% dropped 1.4% while the smaller-cap Shenzhen Composite 399106, -1.59% was down 1.7%. South Korea’s Kospi 180721, -4.03% sank 4.2%, and benchmark indexes in Taiwan Y9999, -3.91% , Singapore STI, -3.68% and Indonesia JAKIDX, -3.90% fell as well. Stocks ticked up slightly in Malaysia FBMKLCI, -1.33% . Australia’s S&P/ASX 200 XJO, -5.77% , which fell into bear-market territory Wednesday, tumbled 5.3%.

Wall Street dropped again Wednesday, with the Dow Jones Industrial Average DJIA, -5.85% plunged 1,464.94 points, or 5.9%, to settle at 23,553.22, with the blue-chip benchmark’s close below 23,641.14 marking a bear market, widely defined as a drop of at least 20% from a record intraday peak. The S&P 500 SPX, -4.88% fell 140.85 points, or 4.9%, to close at 2,741.38. The Nasdaq Composite COMP, -4.70% tumbled 392.20 points, or 4.7%, to end at 7,952.05.

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