SINGAPORE — Shares in Asia-Pacific fell during Tuesday morning trade after heavy losses overnight on Wall StreetThe tech-heavy Nasdaq Composite fell more than 4 percent.

The Nikkei 225Japan shares declined by 1.88% Fast RetailingNearly 2% of the Topix index fell. Topix traded at 1.75% less.

South Korea KospiThe drop was more than 22% S&P/ASX 200Australia was down 2.33%

MSCI’s Asia-Pacific share index outside Japan was 0.76 percent lower.

In Tuesday morning trade technology shares in Asia-Pacific fell largely in line with losses following the overnight drop in Nasdaq Composite to 11,623.25.

Japanese conglomerate shares rose Tuesday morning SoftBank Group fell 4.9%. South Korea’s Kakao lost 2.38%, while Krafton dropped 2.39%.

Other major indexes on Wall Street also saw substantial losses, with the S&P 500 slipping 3.2% to 3,991.24 — falling below the 4,000 level for the first time in more than a year. Dow Jones Industrial Average fell 653.67 point, or 1.9%, to 32.245.70.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 103.693 — off levels above 103.8 seen recently.

The Japanese yenThe dollar traded at 130.38 dollars, which is stronger than the levels of 130.5 yesterday. The Australian dollarIt was $0.6953. This is despite the fact that it has been struggling to recover from last week’s plunge above $0.72.

Petroleum prices fell in the early hours of Asia trade, with an international benchmark Brent crude futuresDropping 0.41% to $105.51 a barrel U.S. crude futuresReduced by 0.29%, barrels now cost $102.79