Asian Equities Lower after U.S. Lead

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%.


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