Asian markets drop on weak Japan factory data
Japan’s benchmark Nikkei 225 Index is trading 1.5% lower after data showed the country’s industrial output unexpectedly fell.
Manufacturing output fell 1.5% in August from a month earlier. Economists had estimated a 0.2% gain.
South Korea also posted a 3.8% drop in factory output for August, marking its worst monthly fall since 2008.
Investors remain on edge over tensions in Hong Kong, where pro-democracy protestors have taken to streets.
Hong Kong’s Hang Seng fell 1.4% on Tuesday, logging its second straight day of declines. It closed down 1.9% on Monday.
Seoul’s Kospi, Singapore’s Straits Times Index and Taiwan’s stock markets are also in negative territory.
The regional benchmark index, MSCI Asia Pacific, is down 0.6% in Tokyo, and is headed for its steepest monthly drop since May last year.
Source: BBC- Asian markets drop on weak Japan factory data
