Asian Markets Overview of February 2
Asian markets are expected to drop after the plummet on Wall St. On Friday Japan's Nikkei stock average lost 3.1 per cent, sliding on economic woes and a tumble by Toshiba Corp after it was hit by news it may merge part of its chip operations, a loss forecast, and a ratings cut. The benchmark Hang Seng Index closed up 123.78 points, or 0.94 per cent, at 13,278.21. The Shanghai and Shenzhen stock exchanges open today after the week-long Chinese New Year holidays.