SINGAPORE | Japanese shares skid, Shanghai surges after Wall St sell-off

3Jan - by Editor - 0 - In STL.News

SINGAPORE—Jan 03, 2019—Japanese shares tumbled and Shanghai’s benchmark surged Friday as Asian markets steadied following a technology-led sell-off on Wall Street.

The Nikkei 225 index started its first trading day of 2019 by falling more than 3 percent. By midday, it was trading 2.8 percent lower at 19,465.36 as technology and electronics makers slumped.

But Hong Kong’s Hang Seng jumped 1.3 percent to 25,380.37. The Shanghai Composite rebounded 1.8 percent to 2,509.02.

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