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%.
MSCI’s Asia-Pacific share index outside Japan was 0.18% less.
Monday holidays see mainland China’s markets remain closed.
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
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