Rolling coverage of the latest economic and financial news, as Asia-Pacific markets slide after Wall Street rout
There were some dramatic scenes in Asia-Pacific stock markets today.
In Taiwan, the benchmark Taiex stock index plunged a record 3,737.67 points in early trading. It closed down 1,791 points, or 4.6%.
“Housing demand is currently being tested by a challenging economic backdrop. Renewed inflationary pressures, driven in part by the conflict in the Middle East, are keeping borrowing costs high and adding to the squeeze on household finances, making some buyers understandably more cautious.
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