Stock Groups

Japan’s Nikkei 225 drops 2%; RBA rate decision ahead


SINGAPORE — Shares in Asia-Pacific slipped in Tuesday morning trade following overnight losses on Wall Street, with the tech-heavy Nasdaq Composite falling more than 2%.

Japan is home to the Nikkei 225Conglomerate shares declined by 2.25 percent Fast RetailingFalling 3.6% South Korea’s KospiReduce 0.95%

Australia’s shares fell as well, due to the S&P/ASX 200It is down by 0.32% The Reserve Bank of Australiawill announce its interest rate decision on Tuesday at 11:30 a.m. HK/SIN

MSCI’s Asia-Pacific share index outside Japan was 0.18% less.

Monday holidays see mainland China’s markets remain closed.

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Overnight stateside, the S&P 500 dropped 1.3% to 4,300.46 while the Dow Jones Industrial Average fell 323.54 points to 34,002.92. The Nasdaq Composite fell 2.14%, to approximately 14,255.49

Oil and Currencies

It U.S. dollar indexFollowing a decline of above 94,, which measures the greenback’s value against a basket its peers, stood at 93.824.

It Japanese yenThe dollar traded at 110.97, higher than the 111.1 levels yesterday. The Australian dollarThe price of $0.7289 was unchanged, with the majority holding onto gains from last week’s rise to below $0.724

Petroleum prices rose in the early hours of Asia trade, with an international benchmark Brent crude futuresBarrel: 0.18% to $81.41 U.S. crude futuresBarrel price increased by 0.13% to $77.72