Profit fears hit market

ASIAN shares dipped yesterday, mirroring a sell-off on Wall Street on worries over slowing growth and falling profits.

Japan’s benchmark Nikkei 225 slipped 0.3 percent to 22,206.51 and Hong Kong’s Hang Seng lost 0.8 percent to 30,378.89. The Shanghai Composite shed 0.3 percent to 3,119.31. South Korea’s Kospi lost 0.9 percent to 2,442.06. On Wall Street, the S&P 500 index sank 35.73 points, or 1.3 percent, to 2,634.56. The Dow Jones industrial average finished with a loss of 424.56 points. Australia’s market was closed for Anzac Day.