Asian stocks tumble following sell-off on Wall Street
CNN
Asian markets tumbled on Friday as investors appeared to be jolted by several issues, from the continued prospect of rising inflation to a volatile US-China meeting and stubborn coronavirus flare-ups in Europe.
China's Shanghai Composite (SHCOMP) lost 1.7%, while Japan's Nikkei 225 (N225) fell 1.4% and South Korea's Kospi (KOSPI) dropped 0.9%. Hong Kong's Hang Seng Index (HSI) fell 1.6%, recovering somewhat after falling more than 2% earlier in the day. Energy stocks were the index's biggest drag, with oil firms PetroChina and CNOOC and refiner Sinopec all tumbling 4% or more.
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