All of the Asian markets are trading in red in early deals on Tuesday amid the weak cues overnight from Wall Street amid rising geopolitical tensions around the world and on concerns about Italy's budgetary woes as well as Brexit. Chinese shares snapped a two-day rally ahead of a slew of key blue chip earnings reports this week. Investors are cautious as they focus on several upcoming corporate earnings results due this week.
Nikkei 225 dropped 549.42 points or 2.49% to 22,065.40, Shanghai Composite dipped 36.46 points or 1.39% to 2,618.42, Hang Seng slipped 530.32 points or 2.07% to 25,622.83, Straits Times contracted 31.16 points or 1.02% to 3,046.90, KOSPI Shares declined 52.23 points or 2.48% to 2,109.48, Taiwan Weighted decreased 157.57 points or 1.61% to 9,816.71, Jakarta Composite tumbled 21.38 points or 0.37% to 5,819.06, and FTSE Bursa Malaysia KLCI down by 14.52 points or 0.84% to 1,707.95.
