China stocks tumbled more than 6 percent on Thursday, posting their biggest one-day loss in a month, as investors booked profits after the market's recent rebound.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 6.1 percent, to2,918.75 points, while the Shanghai Composite Index lost 6.4 percent to 2,741.25.
Traders and analysts cited a confluence of reasons for the slide, including profit-taking, fears of tighter liquidity in the financial system, worries about the cooling economy and anxiety over looming liberalisation to initial public offerings (IPOs), which some investors fear could result in a cash crunch.
Hong Kong shares fell on Thursday as investor sentiment soured after a tumble in mainland China stocks.
The Hang Seng index fell 1.6 percent to 18,888.75 points, while the China Enterprises Index lost 2.4 percent, to 7,871.94 points.
China stocks tumbled more than 6 percent, posting their biggest one-day loss in a month, as investors booked profits after the market's recent rebound.
All main sectors in Hong Kong fell.
Japanese stocks rose in choppy trade on Thursday after the yen resumed its weakening trend against the U.S. dollar, lifting exporters' share prices and broader market sentiment.
The Nikkei share average gained 1.4 percent to 16,140.34. Japan's benchmark index rose on an overnight bounce in oil prices during its morning session, then added to those gains in the afternoon as the yen moved away from its recent highs.
Reference: Reuters
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