Asian share markets dropped on Tuesday after Wall Street slipped to four-month low. Japan’s benchmark languished as the yen firmed against the US dollar.
Japan’s Nikkei 225 index lost 1.4 per cent to 23,291.97 and Hong Kong’s Hang Seng dropped 1.1 per cent to 32,601.62. South Korea’s Kospi sank 1.1 per cent to 2,567.74.
The Shanghai Composite index fell 0.8 per cent to 3,495.05 and Australia’s S&P ASX 200 gave up 0.9 per cent to 6,022.80. India’s Sensex lost 0.6 per cent to 36,067.22.
Shares also were lower in Taiwan, Singapore and Indonesia.
The S&P 500 index fell 0.7 per cent to 2,853.53 and the Dow Jones industrial average also dropped 0.7 per cent, to 26,439.48. The Nasdaq composite lost 0.5 per cent, to 7,466.51.
Benchmark US crude fell 71 cents to $64.85 a barrel in electronic trading on the New York Mercantile Exchange. It lost 58 cents, or about 1 per cent, to settle at $65.56 a barrel on Monday.
Brent crude, used to price international oils, dropped 52 cents to $68.68 a barrel. It fell $1.06, or 1.5 per cent, to close at $69.46 per barrel on Monday.
The dollar, which fell sharply last week, declined to 108.69 yen from 108.96 yen late Monday. The euro fell to $1.2360 from $1.2383.
The price of bitcoin fell 1.5 per cent Monday to $10,987.84, according to the tracking site CoinDesk. Bitcoin futures on the Cboe Futures Exchange fell 2.5 per cent to $10,920.
