Asian shares sink, tracking Friday's retreat on Wall Street

BANGKOK -- Shares were sharply lower in Asia on Monday after Wall Street ended last week with a broad retreat.

Japan's Nikkei 225 stock index tumbled 3.2 per cent to 20,930.27, while the Shanghai Composite index declined 1.1 per cent to 3,072.06. The Hang Seng in Hong Kong lost 1.8 per cent to 28,583.60 and South Korea's Kospi declined 1.7 per cent to 2,149.39. The S&P ASX 200 gave up 1.2 per cent to 6,120.60.

Thailand's SET dropped 0.9 per cent after a general election whose preliminary results suggested a strong result for the junta-backed proxy party, raising the likelihood the incumbent prime minister, Prayut Chan-ocha, may prevail with backing from a coalition.

Growth concerns were revived by weak factory data from Europe. Investors are awaiting China-U.S. trade talks that are due to resume Thursday in Beijing.

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