Weak day for Asian stocks, Nikkei 225 drops 412 points

SYDNEY, NSW, Australia - Stocks in Asia traded sharply lower on Thursday, following on from major falls on Wall Street overnight.

In Japan, the Nikkei 225 tumbled 411.56 points or 1.54 percent to 26,393.94.

The Australian All Ordinaries let go 131.40 points or 1.91 percent to 6,746.50.

In New Zealand, the S&P/NZX 50 declined 90.11 points or 0.82 percent to 10,868.70.

South Korea's Kospi Composit