The overall mood on stock markets was downbeat, with Chinese equities down around 1% after data showed a slowdown in money supply and bank lending growth, clouding encouraging signals in the past week.
“July’s money and credit data were all below expectations,” Goldman Sachs analysts said in a client note.
After China, Malaysia was among the hardest hit markets on the day with shares down 0.6%.
Malaysia’s Top Glove Corp, the world’s largest medical glove maker, and its local rival, Hartalega Holdings, fell around 8.9% and 7.5%, respectively, dragging the benchmark lower.
The glove makers, who have enjoyed a surge in demand during the coronavirus crisis, have been under pressure of late over their treatment of migrant workers.