Asia opens lower in tandem with Wall Street

Asian stock indices opened the fourth session of the week lower on coronavirus second wave concerns and after the International Monetary Fund revised its world GDP estimates downward for 2020 due to worse than expected Covid 19 impact in the first half of the year. 

The IMF expects the global GDP to fall by 4.9% in 2020, while expecting the US to contract by 8%, and the euro zone economy by 10.2%. 

Japan's TOPEX fell 1.01% to 1,564, while Nikkei 220 declined 1.03%. 

South Korea's KOSPI slipped 0.50%, while New Zealand's NZX 50 tumbled 1.18% to 11,126.97, as Australia's S&P/ASX 200 shed 1.67% to 5,866.