Asia: Stocks fall again after lockdowns spark Wall Street, Europe rout

In early trade, Hong Kong, Sydney, Seoul and Manila were all down more than one per cent.

"Market sentiment is turning, with investors buffeted by US election uncertainty and now economic worries from rising Covid-19 cases across Europe, sparking concerns that measures to control the virus will hamper economic activity," said Kerry Craig at JPMorgan Asset Management.

"But what always tends to come through like a chocolate cake with a cherry on top, especially when the markets are in their deepest despair, is that stimulus always seems to save the day." Oil prices edged up slightly in Asia, having cratered five per cent on Wednesday on fears that new lockdowns will again hammer demand for the commodity.

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