Asia-Pacific markets slid on Tuesday, tracking losses in the U.S. following anxiety over tariff policy and a potential recession in the world’s largest economy.
In Japan, the Nikkei 225 index reversed 235.16 points, or 0.6%, to 36,793.11.
Significant losses in the Nikkei 225 were seen in imaging and network technology operator Konica Minolta, which was down 6.98% and information and communication technology company Fujitsu, which lost 4.98%.
Japan’s revised GDP for the fourth quarter came in at 2.2% on an annualized basis, below economists’ expectations and the previous estimate of 2.8% growth.
In Hong Kong, the Hang Seng index dropped 1.35 points, or 0.01%, to 23,782.14.
In other markets
The CSI 300 in mainland China recovered 12.62 points, or 0.3% to 3,941.42.
In Taiwan, the Taiex index collapsed 388.06 points, or 1.7%, to 22,071.09.
In Singapore, the Straits Times index moved lower 73.24 points, or 1.9%, to 3,825.83
In Korea, the Kospi docked 32.79 points, or 1.3%, to 2,537.60
In New Zealand, the NZX 50 faded 105 points, or 0.8%, to 12,410.97.
In Australia, the ASX 200 fell 72.19 points, or 0.9%, to 7,890.10
