SINGAPORE — Shares in Asia-Pacific fell on Tuesday following an overnight tumble for stocks on Wall Street that saw the Dow Jones Industrial Average plunge more than 700 points.
In Japan, the Nikkei 225 slipped 0.96% to close at 27,388.16 — the Nikkei is down more than 10% from its February high as of today’s close. Meanwhile, the Topix index fell 0.96% to end the trading day at 1,888.89. South Korea’s Kospi closed 0.35% lower at 3,232.70.
Mainland Chinese stocks closed mixed, with the Shanghai composite fractionally lower at 3,536.79 while the Shenzhen component advanced 0.123% to 15,011.35. Hong Kong’s Hang Seng index fell about 0.7%, as of its final hour of trading.
The S&P/ASX 200 in Australia dropped 0.46% to close at 7,252.20.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.58%.
On Tuesday, China kept unchanged its benchmark lending rate for corporate and…