Asian stock markets traded lower, following declines on Wall Street. Japan’s Nikkei 225 led the drop, falling 1.85%, while the Topix slid 1.13%. South Korea’s Kospi was down 1.22%, and the Kosdaq dropped 0.93%. Hong Kong’s Hang Seng index futures suggested a weaker opening as well.
Investor sentiment was hit by overnight losses in U.S. markets, triggering widespread selling in the region. The global market downturn raised concerns about economic stability, prompting traders in Asia to take a cautious approach to investments.