Asia Markets: Asian markets sink, led by losses in Hong Kong, South Korea

Asian stocks took a turn for the worse after a mixed opening in Pacific Rim markets Thursday.

Japan’s Nikkei gave up early gains and was last down 0.3%. Totota 7203, +0.59% and SoftBank 9984, +1.31% shares rose, though, after reports that the companies will announce a partnership later in the day on autonomous driving and other technologies.

Hong Kong’s Hang Seng Index HSI, -1.79% was down 1.7%, led by Chinese companies, as JPMorgan shedded optimism about the mainland. Those standing out include oil major CNOOC 0883, -3.85% falling 2.8% and developer Country Garden 2007, -1.54% sliding almost 3%.

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