Pedestrians cross a road in front of the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, Thursday, Oct. 29, 2020.
Kiyoshi Ota | Bloomberg via Getty Images
Asia-Pacific markets fell on Tuesday in a volatile session, after heavy overnight losses on Wall Street as investors grappled with the fallout from failed banks in the United States, including Silicon Valley Bank.
In Japan, the Topix led losses, falling 2.4%, and Nikkei 225 decrease 1.96% as shares of Softbank Group fell as much as 3.5% to its lowest point since last October in Asian morning trade.
South Korea’s Kospi also fell 1.9% and the Kosdaq was 2.5% lower. In Australia is S&P/ASX 200 fell 1.66%, largely led by losses in the banking sector. The economy’s consumer confidence also remained close to historic lows.
Hong Kong’s Hang Seng index fell 0.97% – with smaller losses than its regional peers. On the Chinese mainland is Shanghai composite fell 0.56% and Shenzhen component fell 1.1 percent.
In the US is Dow Jones Industrial Average saw its fifth straight day of losses, even as a plan to stop all depositors in failed Silicon Valley Bank, along with other extraordinary measures, failed to boost bank stocks. The S&P 500 fell 0.15% and Nasdaq Composite went up 0.45%.
Investors will also keep an eye on the US consumer price index for February, which will be released on Tuesday.
— CNBC’s Tanaya Macheel and Alex Harring contributed to this report