Friday, 29 April 2016

Asia markets open lower; ASX down 0.21%, Kospi down 0.4%

Asia markets opened lower on the final trading day of the week, following a nearly 1 percent or more decline in US equities overnight. 

Australia's ASX 200 was down 0.21 percent after the open, with declines in the heavily-weighted financials sub-index and the materials sub-index. 

In South Korea, the Kospi was down 0.37 percent. Australian detention center operator Broadspectrum was an early mover, soaring 33.04 percent after reports said its board has approved a takeover bid from Spanish group Ferrovial.

Major US indexes closed down, with the Dow Jones industrial average lower by 1.17 percent, the Nasdaq composite down 1.19 percent and the S&P 500 off by 0.92 percent.

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