At 9:53 am (IST), Asian markets were trading lower but managed to recoup some of the losses.
Hong Kong's Hang Seng fell 6.01% or 1232.06 points at 19,258.51.
Japan's Nikkei was down 3.69% or 335.84 points at 8,761.72.
South Korea's Seoul Composite slipped 6.75% or 126.15 points at 1,743.30.
Taiwan's Taiwan Weighted shed 1.18% or 89.28 points at 7,463.52.
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