Beijing - Shares on China's main stock market lost more than 3 per cent of their value Monday, following similar falls in other Asian markets.

The key Shanghai Composite Index, which tracks shares traded in local and foreign currency, lost 72.23 points to end the day at 2,325.14, down 3.01 per cent.

Tokyo - Tokyo stocks opened lower Monday on Wall Street's falls before the weekend and a stronger yen.

The benchmark Nikkei 225 Stock Average declined 176 points, or 1.35 per cent, to 12,896.87.

The broader Topix index of all first-section issues was also down 18.82 points, or 1.5 per cent, to 1,235.89.

Exporters were hurt as a stronger yen affects Japanese companies' earnings overseas. Also, reports of a slowdown of US consumer spending in July raised fears of lower demand for Japanese products.

Indian equities erased all its previous losses and closed the week positively on Friday, August 29 because of decline in weekly inflationary figures and encouraging signals from US and Asian markets that supported the market despite reduction in Q1 GDP growth.

Midcap and smallcap stocks also backed the sharp run. 

The BSE Sensex ended at 14,564.53, up 516.19 points, while the broad-based NSE Nifty surged 146.00 points to end at 4,360.00.

Indian equities canceled all its previous losses and profited more than 163 points in the week ended August 29, on the back of lower inflation figures and moderate decline in India’s growth that led to the positive outlook.

The market opened the week positively but it slipped during the mid-week on global fears but the decline in inflation rate assisted stock markets to recover lost points.

The sectoral picture showed that major gainers during the week included Bankex (5.31%) followed by IT (3.37%), Realty (1.02%) and Power (0.23%).

Indian equities closed on a positive note on Friday, Aug 29 on account of decline in inflation numbers and encouraging signs from US and Asian markets, which backed up the market despite reduction in Q1 GDP growth.

Midcap and smallcap stocks also supported the sharp run.  

After opening the day at 14,279.02 with a gain of 230.68 points, the 30-share index, BSE Sensex remained strong all-through the day.