Most Asian markets fell in the week with the investor sentiment remaining negative following the concerns that the U.S. would face the fiscal cliff, consisting of tax rises and spending cuts, at the beginning of next year.
Hong Kong's Hang Seng Index slumped 1.1 percent and closed at 21159.01. China's Shanghai Composite Index fell 2.6 percent and closed at 2014.72.
Investors were guarded because of the concerns that U.S. President Barack Obama would face the colossal task of resolving the fiscal cliff. Reported by IBTimes 10 minutes ago.