Asian markets extend losses; Hang Seng down 5%

At 1: 25 pm, Asian markets were trading lower. China's Shanghai Composite slipped 2.36% or 74.71 points at 3,096.26.

Hong Kong's Hang Seng tumbled 5.31% or 1180.38 points at 21,030.03. Also Read - How Indian Markets are trading

Japan's Nikkei plunged 3.22% or 301.72 points at 9,081.52.

South Korea's Seoul Composite fell 4.69% or 75.02 points at 1,524.5.

Taiwan's Taiwan Weighted shed 3.21% or 248.25 points at 7,490.91.