China's decision disrupts markets: Hang Seng suffers heavy losses

Asian stock markets registered declines thereafter China did not announce new stimulus measures at key meetings. In particular, China's CSI 300 and Hong Kong's Hang Seng Index reacted strongly.

“CNBC” reported that China's CSI 300 ended up just 3.8 percent after a strong start on Tuesday with a gain of more than 10 percent. The Hang Seng Index in Hong Kong fell more than 10 percent before recovering to fall 7.6 percent.

Samsung disappoints with quarterly forecasts

Apart from China, markets in Japan and South Korea are also experiencing pressure. According to CNBC, the Nikkei 225 fell 1.19 percent after the release of the fiscal data, while the Topix fell 1.59 percent. Japanese household spending fell 1.9 percent in August compared with a year earlier, but lower than expected. However, in real terms, wages rose by 2 percent.

South Korea's Kospi fell 0.48 percent, heavily impacted by a disappointing quarterly forecast from Samsung Electronics, Bloomberg reported. Kosdaq lost 0.25 percent.



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