Shares fell in Asia on Tuesday, following a fourth consecutive dip in US markets, as investors remain concerned that increasing interest rates and geopolitical risks could hamper global growth.
The Nikkei 225 in Japan was down 2.40% and the Kospi in South Korea was down 2.36% as of 9.32 a.m. Thai time, after both markets had reopened from a holiday on Monday.
Hong Kong’s Hang Seng index slid 1.83%. The Shanghai Composite in mainland China was 0.46% lower.
In Australia, the S&P/ASX 200 was little changed.
In overnight trading, the Nasdaq Composite fell 1.04% to 10,542.10, its lowest closing since July 2020. The decline was driven by a drop in semiconductor company shares.
The Dow Jones Industrial Average lost 93.91 points, or 0.32%, to end the day at 29,202.88, while the S&P 500 fell 7.5% to 3,612.39.
The 30-year US Treasury note yield reached 3.941%, its highest level in nine years.
The yield on the 10-year note increased to 3.963%, while the yield on the 2-year note increased marginally to 4.318%.
