Tokyo reaches 26-year low with Sony on a free fall. Asian markets buck yesterday’s positive trend on Wall Street.

Hong Kong (AsiaNews/Agencies) – All Asian markets are down today and pessimism about the future of the world economy is on everybody’s lips.

In Seoul shares lost 6 per cent. By midday Tokyo’s Nikkei index was down by 4.89, with Sony, for example, plunging by 12 per cent. Shares are at a 26-year low.

Hong Kong dropped more than 5 per cent; Shanghai, just 0.3 per cent; Shenzhen, 1.03 per cent; Taipei, just under 3 per cent; Singapore, 4.8 per cent, Sydney, 2.7 per cent; and Mumbai, 4 per cent.

Persian Gulf markets also opened lower today.

These results buck gains on Wall Street yesterday, indicating widespread pessimism with regards to companies’ output and export prospects.

• asia
• markets
• losses
• pessimism
• wall
• street
• nikkei
• sony