Asian shares continue global downward trend

Asian stocks saw sharp falls on Friday as mounting concerns over China's slowing economy continued to affect global markets. It follows big falls in US and European markets on Thursday, with the Dow Jones dropping more than 2%. After falling more than 3% on Thursday, China's Shanghai Composite index was down 0.4% at 3,649.07. Data released on Friday morning showed Chinese factory activity fell to its lowest level in more than six years. The private Caixin/Markit manufacturing purchasing managers' index (PMI) dropped to 47.1 from 47.8 in July. In Hong Kong, the Hang Seng index followed the mainland's trend and was 1.8% lower at 22,355.44.  Asia's largest stock market, Japan's Nikkei 225 index dropped 1.9% to 19,646.04. In South Korea, the Kospi index dropping 2% to 1,875.42. Australia's S&P/ASX 200 was also in negative territory, falling 1% to 5,238.60, according to BBC.
-Shuvo-