Asian markets were trading weak. Hong Kong’s Hang Seng plunged 1.98% or 475.15 points at 23,546.53.

Japan’s Nikkei dropped 1.49% or 202.52 points at 13,423.93.

Taiwan’s Taiwan Weighted was down 0.25% or 19.96 points at 7,845.32.

South Korea’s Seoul Composite fell 0.95% or 16.07 points at 1,681.38.

Singapore’s Straits Times dropped 0.22% or 6.79 points at 3,038.80