SINGAPORE — Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight.

It Nikkei 225Japan’s early trade declined by 2.63% while its Topix index fell by 2.31%. The Ministry of Finance data showed that Japan’s March exports rose 12.5% year over year, according to Thursday’s figures. According to Reuters, this was less than the 13.8% expected increase.

South Korea’s Kospi declined by 1.93%. S&P/ASX 200Australia fell by 0.78%

MSCI’s Asia-Pacific broadest index, which is not based on Japan, traded 0.65% less.

Australia’s April employment data is scheduled to be available at 9:30 am HK/SIN.

Wall Street’s main indexes tumbled. The Dow Jones Industrial Average closed at its lowest point since March 2021. Dow fell 1,164.52 points or 3.57% to 31,490.

It S&P 500 slipped 4.04% to 4,923.68, while the tech-heavy Nasdaq Composite fell 4.73% to 11,418.15.

It U.S. dollar index, which tracks the greenback against a basket of its peers, was at 103.823 — off levels below 103.5 seen earlier in the week.

The Japanese yenThe greenback traded at 127.92 dollars, higher than the levels of 129 yesterday. The Australian dollarAfter a decline in levels of $0.70, the price was $0.6961.