Asian markets declined in the initial session of trade on Monday (June 09), led by automakers and technology companies, after U.S. unemployment increased by the most in 22 years and oil touched new high.
Toyota Motor and Samsung Electronics led the declines on concern demand for their exports will reduce in US.
Japanese benchmark index Nikkei declined 298.56 points, or 2.06%, to trade at 14,190.88.
Hong Kong`s index Hang Seng and China`s Shanghai Composite are closed today.
Taiwan`s Taiex index lost 180.02 points, or 2.06%, to trade at 8,565.33.
South Korea`s KOSPI declined 31.62 points, or 1.73%, to trade at 1,800.69.
Singapore`s Straits Times lost 61.27 points, or 1.95%, to trade at 3,085.46. (8.18 a.m., IST).
Indian markets are likely to retest last week` low of 4,530 levels. 4,680/4,725 are resistance levels on upside. However some relief rally is likely towards later part of the week, as markets have become extremely oversold,
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