Asian equity markets ended mostly in red on Tuesday in cautious trading, as oil took another tumble and Chinese stocks seesawed before the release of trade data on Wednesday, which is expected to show further declines in both exports and imports. Worries about the Beijing's ability to manage financial markets coupled with deepening fears about a protracted slowdown in the world's second largest economy, fueling volatility in Asian markets. After oscillating between gains and losses, Chinese shares closed higher as the central bank stepped up efforts to stabilize yuan and China's State Council reportedly established a new working group to coordinate between financial and economic regulators. Japanese shares fell sharply to wipe out all of their 2015 gains on speculation the government may raise sales tax next year unless a serious situation prevails. A fresh rout in oil prices and China-related worries also sapped investors' appetite for risk as trading resumed following Monday's public holiday. Hong Kong shares finished down as technology and financial shares weighed, and following a sharp rise in Hong Kong short-term borrowing costs over the last two days.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,022.86 | 6.16 | 0.20 |
| Hang Seng | 19,711.76 | -176.74 | -0.89 |
| Jakarta Composite | 4,512.53 | 47.04 | 1.05 |
| KLSE Composite | 1,641.37 | 3.78 | 0.23 |
| Nikkei 225 | 17,218.96 | -479.00 | -2.71 |
| Straits Times | 2,691.78 | -17.07 | -0.63 |
| KOSPI Composite | 1,890.86 | -3.98 | -0.21 |
| Taiwan Weighted | 7,768.45 | -19.97 | -0.26 |