Asian stock markets extended losses on Wednesday following a drop on Wall Street as investors digested weak Chinese trade data.
KEEPING SCORE: Japan's Nikkei 225 slid 1.9 percent to 17,891.58 and South Korea's Kospi dropped 0.5 percent to 2,008.96. Hong Kong's Hang Seng was down 0.8 percent to 22,414.79 and the Shanghai Composite Index in mainland China shed 0.4 percent to 3,280.96. Australia's S&P/ASX 200 fell 0.5 percent to 5,176.50. But stocks in Singapore were higher after preliminary data showed the country narrowly avoided a recession in the third quarter.
CHINA DATA: China's weak trade data released Tuesday weighed on sentiment for a second day while investors waited for the release of Chinese consumer price data that will show whether the Chinese central bank has scope to support growth. China's weak imports for September sparked concerns about demand, dampening prices of commodities. It also drove down currencies of commodity-reliant countries such as Australia.
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