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On Thursday, Asia markets fell trailing an overnight Wall Street’s sell-off. The major stocks of the U.S. were down including S&P 500 and Dow Jones Industrial Average wiped their gains out for this year. On the other hand, the Nasdaq composite went to correction territory.

In China, major indexes were in negative territory as the Shanghai composite traded down by 1.42 percent after recovering its earlier losses of about 2.5 percent. However, the Shenzhen composite shed 1.988 percent. The Hang Seng of Hong Kong also slipped 1.8 percent.

An executive director, Dickie Wong of Kingston Securities remarked that the Hang Seng index is going to test new low due to market routs everywhere. On the other hand, Cathay Pacific shared dropped 5.08 percent down as experienced its nine-year low.

Meanwhile, the Nikkei 225 of Japan declined 3.36 percent, whereas the Topix index fell 2.72 percent.

Over in South Korea, shares of heavyweight stocks like SK Hynix and Samsung Electronics both shed more than 2 percent. The Kospi index slipped 1.77 percent. According to Thomson Reuters Eikon, the benchmark index dropped more than 16 percent down.

On Wednesday, shares of Samsung fell 3.29 percent after stocks of semiconductor declined to experience their worst day since a decade.

In Australia, the ASX 200 plunged 2.3 percent along with other sectors. The financial sector lost 2.3 percent, whereas the energy subindex was down by 2.14 percent. On the other hand, shares of major banks such as Commonwealth Bank, ANZ, National Australia Bank, and Westpac were all down by 1.73 percent, 1.85 percent, 1.99 percent, and 1.74 percent, respectively.

In the United States, the Dow Jones Industrial Average erased its earlier gains as dropped 608.01 points down to 24,583.42 while the S&P 500 closed at 2,656.10 after falling by 3.1 percent.