HONG KONG: A plunge on Wall Street set a bearish tone in Asian trade Monday, with most markets lower as traders reacted to Friday's falls, although Shanghai stocks showed signs of a comeback. In subdued trade with Tokyo closed for a holiday, Australia's S&P/ASX 200 index fell 1.36 per cent, or 60.2 points, to 4,362.5 by the afternoon. Major banks were lower, led by Macquarie, which lost 2.42 per cent. Perth-based miner Sundance Resources was down 8.69 per cent as trade in its stocks resumed...
Full Story: The Times of India
