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Another panic day for Asian markets

All Asian markets are trading in red as investors dropped their confidence in commodity prices. Under such situation, Yen regains the confidence and falls below ¥115.00 marks. Pair is currently trading at ¥114.30 levels and hit the low around ¥114.22 marks.

Japan's benchmark Nikkei 225 index lunged 4.36% lower to 16,259.92 points in morning trade, while Tokyo's broader Topix gauge sank 4.45% to 1,318.08 points.

Chinese markets were closed for the Spring Festival holiday on Tuesday and aren't set to open again until Monday.

Australia's benchmark S&P/ASX 200 2.27% lower to 4,862.50 points on Tuesday afternoon in Sydney.

New Zealand's S&P/NZX50 index was trading 1.32% lower at 6,072.33 points on Tuesday afternoon in Wellington.

 

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