Japan’s Nikkei 225 falls more than 2%, paring earlier losses

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Japan's Nikkei 225 falls more than 2%, paring earlier losses

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SINGAPORE– Shares in Asia-Pacific mainly fell on Tuesday following over night losses on Wall Street, with the tech-heavy Nasdaq Composite falling more than 2%.

In Japan, the Nikkei 225 dropped 2.19% to close at 27,82212, as shares of Fast Retailing fell 6.92%. The Topix index likewise decreased 1.33% to end up the trading day at 1,94775 Earlier, the Nikkei had actually dropped more than 3% and briefly went into correction area, decreasing more than 10% off its mid-September high.

South Korea’s Kospi shed 1.89% to close at 2,96217 The Hang Seng index in Hong Kong bucked the general pattern regionally as it increased around 0.5%, since its last hour of trading.

Shares in Australia closed lower, with the S&P/ ASX 200 down 0.41% to 7,24840 The Reserve Bank of Australia on Tuesday revealed its choice to leave rates of interest the same.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.28%.

Markets in mainland China stayed closed on Tuesday for the vacations.

Oil increases

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Overnight stateside, the S&P 500 dropped 1.3% to 4,30046 while the Dow Jones Industrial Average fell 323.54 indicate 34,00292 The Nasdaq Composite slipped 2.14% to around 14,25549

Currencies

The U.S. dollar index, which tracks the greenback versus a basket of its peers, was at 93.98 after seeing an earlier low of 93.807

The Japanese yen traded at 111.17 per dollar, more powerful than levels above 111.1 seen versus the greenback the other day. The Australian dollar altered hands at $0.7271, mainly hanging on to gains after its increase from listed below $0.724 late recently.