Asian markets were trading lower. China's Shanghai Composite fell 2.73% or 48.07 points at 1,712.54.
Hong Kong's Hang Seng slipped 5.95% or 882.48 points at 13,957.68.
Japan's Nikkei plunged 5.68% or 541.06 points at 8,980.18.
Singapore's Straits Times tumbled 4.69% or 87.65 points at 1,781.17.
South Korea's Seoul Composite lost 6.66% or 78.70 points at 1,102.80.
Taiwan's Taiwan Weighted declined 4.85% or 241.47 points at 4,736.7
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