Asian Equities Mixed After U.S. Decline

Asian shares were mixed in early trading on Tuesday, despite stocks on Wall Street posting their third straight decline as investors awaited earnings and fretted about signs of slowing global growth.

U.S. stocks dropped on Monday, dragged by declines in energy and airline shares amid growing fears over the spread of Ebola. The S&P 500 shed 1.7 percent, down 7 percent from the all-time high it set nearly four weeks ago and falling below its 200-day moving average. The Dow Jones Industrial Average fell 1.3 percent while the tech-heavy Nasdaq dropped 1.5 percent.

Japanese shares took cues from their U.S. peers, dropping to a two-month low early Tuesday. The benchmark Nikkei index was shut for a national holiday on Monday. A stronger yen, trading at 107.13 against the greenback, weighed on sentiment.  Exporters led declines. Suzuki Motor slumped over 4 percent, while Nissan Motor and Toyota Motor dropped 3 percent each.


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