SAN FRANCISCO (MarketWatch) — Asia markets opened under heavy pressure on Monday, following the steep retreat in the U.S. to end last week. The Shanghai Composite [cn:shcomp] fell more than 5% to lead declines, after the index shed 11.5% last week. This even after word of China’s move to allow pension funds managed by local governments to pour money in the stock market for the first time. The Nikkei [jp:nik] shed 2.1% while the Hang Seng [hk:hsi] gave up 3.6%. Overall, the Asia Dow index [xx:adow] lost 2.9%
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From:: Stock Market News