HONG KONG, May 30: Asian stocks closed lower on Wednesday after a 6.48 per cent tumble in Shanghai where the government moved to cool overheating markets by tripling the tax on share transactions.
Those massive gains had raised fears of another round of monetary tightening measures which would eventually tip the scales and prompt a major sell-off on the mainland with regional and global implications.
TOKYO: Share prices retreated as an unexpected dip in domestic industrial output and a tumble in Chinese stocks weighed on sentiment.
The Nikkei-225 index fell 84.30 points to close at 17,588.26. Volume traded rose to 2.02bn shares from 1.78bn on Tuesday.
HONG KONG: Share prices closed 0.86 per cent lower following a big slide on mainland bourses after China tripled stamp duty on securities transactions.
The move led to a 6.5 per cent drop of the Shanghai bourse's benchmark index Wednesday and also affected China firms listed in Hong Kong.
KUALA LUMPUR: Share prices closed 0.28 per cent lower following sharp falls in China where the government has attempted to cool the market by raising taxes on share sales.
MUMBAI: Share prices fell 0.67 per cent, snapping three days of gains, as leading software stocks fell.—AFP
