Asian markets lower after Wall St tumbles

Asian markets fell on Wednesday, following big losses on Wall Street after weak reports and forecasts from top US companies, while fresh fears over Spain added to selling pressure.

The losses have also been stoked by profit-taking after an impressive run by global markets in recent weeks following easing measures in the United States, Japan and Europe, while China has also showed signs of a pick-up.

Tokyo shed 0.76 per cent, Hong Kong lost 0.24 per cent, Sydney fell 0.70 per cent and Seoul sank 1.01 per cent, while Shanghai eased 0.43 per cent.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1068543/asian-markets-lower-after-wall-st-tumbles