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Asian stocks hit by sell-off in global equities

Asian stocks slumped on Friday, with Chinese shares on course for their worst session in two years, as concerns over higher U.S. interest rates undermined global investor confidence.

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares tumbled 2.2 percent to a two-month trough.

Japan’s Nikkei slid 2.9 percent, inching down 8.6 percent for the week - its biggest lost since February 2016.

Hong Kong’s Hang Seng Index fell 3.5 percent. South Korea's Kospi index dropped 1.8 percent.

Australia’s S&P/ASX 200 Index edged 0.9 percent lower.

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