Major Asian stock markets traded sharply lower on Tuesday, mirroring overnight weakness in the United States, where technology stocks dragged indices down ahead of key earnings from companies such as Nvidia Corporation.
Investors in the region also remained cautious as Japan awaited a new economic package from Prime Minister Sanae Takaichi, prompting a surge in long-term sovereign yields. Japan’s 40-year government bond jumped eight basis points to a record 3.68%, reflecting rising market uncertainty.
At 7:15 am CET, Japan’s Nikkei 225 fell 3.00% or 1,510 points, while the US dollar traded flat against the yen at ¥155.1280.
South Korea’s Kospi dropped 3.25% or 133 points, extending the regional selloff.
Australia’s S&P/ASX 200 closed 1.94% or 167 points lower, tracking broader declines across global equities.
In mainland China, the Shanghai Composite slipped 0.86% at 7:02 am CET, while the Shenzhen Composite was down 1.16%.
Hong Kong’s Hang Seng index slid 1.90% or 500 points at 7:18 am CET, weighed by weakness across technology and property stocks.
