Asia stocks took yet another dive on Tuesday, as fearful investors cut their losses amid a broad regional slump.
Shares in Tokyo fell as much as 3% in morning trading. The benchmark Nikkei has tumbled 13% so far this year, putting the index well into correction territory and making it one of the world’s worst performers.
Hong Kong’s Hang Seng dropped 2.4% at the open and Australia ASX All Ordinaries lost 1.3%. The sell-off follows a dismal performance Monday for U.S. stocks. The Dow tumbled 326 points, or almost 2.1%, while the S&P 500 and Nasdaq were also down more than 2%.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at firstname.lastname@example.org. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.