Markets across Asia fell sharply overnight, with key indices shedding over 3%, as worries about the health of the Chinese economy and its ability to re-balance continued to hurt equities.
Data yesterday from the world's second largest economy showed last month's factory output rose by the lowest level since the global financial crisis of 2008.
Retail sales also grew at the slowest rate for the period since 2004, while reports at the weekend showed an unexpected plunge in overseas shipments.
The dismal news prompted a raft of downgrades from analysts who lowered their annual forecasts for Chinese growth, sparking a wide-spread sell-off across equity markets.
The Japanese Nikkei 225 and the Topix both tumbled over 3%, while the Shanghai Shenzhen CSI 300 was off 0.9%, as investors fled Asian markets.
The Hong Kong Hang Seng was also 1.1% weaker. The losses across the board mean the MSCI Asia index is on course for its lowest close since early February.
The losses in Asia continue a dismal trend since the start of the year, with any indices down by double-digit percentages. The Nikkei is down 12% year to date, while the Topix is off 10.5%. China's CSI 300 is 8.9% lower.
The falls overnight compounded a disappointing session in the US where the S&P 500 and Dow closed down 1.2% and 1.4%.
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