Asian Markets Decline

Asian markets on Tuesday (November 27) fell led by financial companies on concerns that they might report US subprime related losses.

Mizuho Financial Group which fell 3.5% and Macquarie Group which fell 2.5% led to the declines.

Japan`s benchmark index Nikkei fell 320.34 points, or 2.12%, to trade at 14,814.87.

Hong Kong`s Hang Seng dropped 873.72 points, or 3.16%, to trade at 26,752.90.

China`s Shanghai Composite fell 57.96 points, or 1.17%, to trade at 4,900.88.

Taiwan`s Taiex retreated 285.08 points, or 3.34%, to trade at 8,243.25.

South Korea`s Kospi fell 60.48 points, or 3.26%, to trade at 1,794.85.

Singapore`s Straits Times slid 82.64 points, or 2.42%, to trade at 3,335.94. (8.25 a.m, IST)