Asian stocks in red amid persisting concerns over China

Source: Marketwatch
© ScanPix/AP
Stocks across Asia closed mainly with losses on Thursday, as disappointing economic data from China and Japan heightened concerns over the global growth. An optimism that new measures will revive China's growth seemed to be only short lived, as the Shanghai Composite Index dropped 1.45% after rising by 2.3% in the prior session. Elsewhere, the Japanese Nikkei contracted by 2.51%, the Australian S&P ASX plunged 2.42%, while South Korea's Kospi advanced 1.44%. 
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