CNBC: Asian stock markets extend losses for 4th day and European markets open lower
HONG KONG - Asian markets have posted a fourth day of losses, while European shares fell about 1 percent in early trade.
Japan's Nikkei 225 stock average fell 77.86 points, or 0.7 percent, to 10,512.69, and Hong Kong's Hang Seng fell 127.63 points, or 0.6 percent, to 20,598.55.
Elsewhere, South Korea's market dropped 14.15 points, or 0.8 percent, to 1,670.20. China's Shanghai index lost 1.1 percent, Australia's market was down 0.7 percent and India's benchmark shed 0.3 percent.
Chinese banks took a hit amid speculation that Bank of China's move augured more efforts in the financial sector to raise capital by selling new shares.
The dollar weakened to 90.09 yen from 90.31 yen. The euro fell to $1.4143 from $1.4159.
