Asia-Pacific stocks fell on Friday following on from a global sell-off in the previous session on rumbling concerns over US-China trade and ahead of Chinese gross domestic product data set for release this morning.
Japan’s Topix was down 1.5 per cent as the telecommunications sector fell 1.8 per cent and technology stocks dropped 1.9 per cent.
The S&P/ASX 200 slipped 0.8 per cent in Australia with the basic materials sector down 1.5 per cent while healthcare stocks shed 1.7 per cent. South Korea’s Kospi was down 0.6 per cent.
The falls in Asia-Pacific trading came after global stocks fell on Thursday on renewed concerns over US-China trade tension and expectations for further US interest rate hikes. On Wall Street overnight, the S&P 500 ended 1.4 per cent lower and the Nasdaq Composite fell 2.1 per cent.
Futures tip the Hang Seng to open 1.3 per cent lower later in Hong Kong. The focus for the day is on Chinese GDP figures for the third quarter set to be released at 10am local time.