Asia markets on Tuesday took a cue from retreating U.S. indexes, with most indexes trading mixed to lower at midday.
Japan’s Nikkei 225 was down 0.30%, or 61.85 points, to 20,335.73. Hong Kong’s Hang Seng reversed early declines and added 0.10%.
U.S. stock futures were mixed overnight. Dow futures were down 0.09%; S&P futures were down 0.08%, while Nasdaq futures erased early losses to edge up 0.06%. Crude futures eased slightly, off 0.17% at 52.13.
On Wall Street Monday, bad news for Apple Inc. (AAPL) triggered a selloff in the technology sector, while the war of words between the U.S. and North Korea kept the rest of markets on edge to begin the week.
The Dow Jones Industrial Average dropped 0.24%, the S&P 500 fell 0.22%, and the Nasdaq slid 0.88%. The Nasdaq posted its worst daily performance since Sept. 5.
According to a report in the South China Morning Post early Tuesday, both Hong Kong and mainland stocks also fell Monday after Chongqing and provincial capital cities including Shijiazhuang and Changsha imposed curbs on home re-sales. The Hang Seng Index dropped 1.4% for the biggest loss in a month while the Shanghai Composite Index slid 0.3%.
Analysts were more optimistic about Asian market sentiment on Tuesday, the SCMP said, noting the China Securities Regulatory Commission said on Monday that it will make every effort to ensure “stable operation” of the capital market in the build-up to a plenary Party Congress scheduled for October.