HONG KONG (MarketWatch) -- Asian markets gave up gains from the previous session Friday in the wake of a steep fall on Wall Street, with Japanese stocks pushed lower by exporters such as Honda Motor Co. while Hong Kong markets declined on a report that the local government lost money on its investment in shares of the bourse operator.
Reacting to a decline in crude-oil prices, energy issues also shed some of their recent gains, led by Inpex Holdings in Tokyo, Woodside Petroleum in Sydney and PetroChina Co. in Hong Kong and Shanghai.
Hong Kong's Hang Seng Index dipped 2.2% to 23,113.79 and the Hang Seng China Enterprises Index of China-related stocks sank 2.5% to 13,219.10.
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