HONG KONG (MarketWatch) -- Asian markets dropped early Monday after a pre-weekend decline on Wall Street, with declines led by financials such as Mitsubishi UFJ Financial Group in Tokyo and Australia & New Zealand Banking Group in Sydney on worries about the global credit markets.
The Nikkei 225 Average slipped 0.2% to 12,758.45 and the broader Topix index fell 0.3% to 1,243.64.
Official data released before the market opened for trading showed Japan's core machinery orders jumped 19.6% in January, trouncing expectations.
Australia's S&P/ASX 200 dropped 1% to 5,212.20 and New Zealand's NZX 50 index gave up 0.6% to 3,538.44, while South Korea's Kospi shed 1% to1,648.52.
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$INDU 11,893.69, -146.70, -1.2%) ended 146.70 points to 11,893.69, the S&P 500 index ($SPX:![]()
$SPX 1,293.37, -10.97, -0.8%) fell 10.97 points to 1,293.37 and the Nasdaq Composite ($COMPX:![]()
$COMPX 2,212.49, -8.01, -0.4%) shed 8.01 points to 2,212.49
In currency trading, the U.S. dollar was quoted at 102.37 yen, compared with 102.69 yen in New York late Friday.
Crude oil for April delivery was unchanged at $105.15 a barrel, after ending 32 cents lower at $105.15 a barrel Friday on the New York Mercantile Exchange. The front-month contract had set a record high at $106.54 a barrel earlier in the day on Nymex.
On Wall Street, the Dow Jones Industrial Average ($INDU:Dow Jones Industrial Average
Last: 11,893.69-146.70-1.22%
4:02pm 03/07/2008
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4:02pm 03/07/2008
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S&P 500 Index
Last: 1,293.37-10.97-0.84%
5:00pm 03/07/2008
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5:00pm 03/07/2008
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Nasdaq Composite Index
Last: 2,212.49-8.01-0.36%
5:16pm 03/07/2008
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5:16pm 03/07/2008
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