Asian stocks dropped on Thursday following a weak U.S. lead and continued unrest in Hong Kong, while investors awaited the European Central Bank’s policy meeting.
On Wall Street, benchmark indices skidded over 1 percent, posting their worst beginning to October since 2011, on the back of weak data and global concerns.
The European Central Bank is expected to provide details of its purchases of asset backed securities at its policy review later today. The meeting follows a spat of weak economic reports. Inflation data this week that showed consumer price growth slipping further towards negative territory and a final reading for September factory activity hit a 14-month low.
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