Asian shares mostly tumble as Apple issues revenue warning;
Asian shares mostly fell by the close on Tuesday, as the new coronavirus outbreak continued to roil companies amid expectations it would cause a slowdown. Oil prices also tumbled.
- Hong Kong’s Hang Seng index was down 1.36% in the afternoon.
- The Shanghai composite closed flat to 2,984.97, while the Shenzhen component rose 0.58% to 11,306.49.
- The Shenzhen composite jumped 1.12% to close at 1,856.56.
- Japan’s Nikkei 225 tumbled 1.40% to 23,193.80, following the previous day’s losses.
- The Topix fell 1.31% to close at 1,665.71.
- Declines were seen across the tech sector, with Softbank diving 4.89%.
- In South Korea, the Kospi also slipped 1.48% to 2,208.88.
- Australia’s ASX 200 declined 0.16% to close at 7,113.70.
- Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan fell more than 1% in the afternoon.
- The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 99.187, rising from levels earlier in the week.
- The Japanese yen traded at 109.74 against the dollar, little unchanged after hitting above the 110 level briefly last week. The Australian dollar slid to 0.6686, from above the 0.67 level earlier.
Oil prices fell on Tuesday morning during Asia hours.
- Global benchmark Brent was down more than 1% to $57.03 a barrel.
- U.S. crude fell 0.83% to $51.62.