Stock indices of the Asia-Pacific region (APR) fall sharply during trading on Tuesday.
In particular, the pressure on the markets is exerted by the fall in the shares of the technology sector.
As reported, the US authorities last week introduced new restrictions on the supply of advanced chips and equipment for the production of semiconductors to China to prevent the development of the Chinese military industry through these products.
In addition, Asian markets are declining following the dynamics of Wall Street.
American stock indices fell on Monday for the fourth session in a row. At the same time, the value of the Nasdaq Composite fell to a minimum in more than two years – since June 28, 2020, according to Dow Jones Market Data.
The value of the Japanese index Nikkei 225 to 8:19 qoq decreased by 2.6%.
Japan’s current account surplus narrowed to 58.9 billion yen in August from 1.5 trillion yen in the same period a month earlier, according to Japan’s finance ministry. Analysts on average had forecast a surplus of 121.8 billion yen, according to Trading Economics.
Meanwhile, Japan’s services sentiment indicator rose 2.9 points in September from a month earlier, to a high since June of 48.4 points, according to Economy Watchers data.
Among the components of the index, Nidec Corp. shares are among the drop leaders. (-9.4%), SMC Corp. (-6.7%) and Yaskawa Electric Corp. (-6.2%).
The Hong Kong Hang Seng fell 2.2% by 8:25 qoq, the Shanghai Shanghai Composite – 0.2%.
Longfor Group Holdings Ltd. shares fell most significantly in Hong Kong. (-8.2%), Meituan (-7.2%) and Country Garden Holdings Co. Ltd. (-6.8%).
The South Korean index Kospi by 8:23 q decreased by 2.1%.
The value of shares of automaker Hyundai Motor fell by 4.8%.
Quotes of securities of one of the world’s largest manufacturers of chips and electronics Samsung Electronics Co. are down 1.4%, while shares of its rival LG Electronics are down 4.3%.
The Australian S&P/ASX 200 fell 0.3%.
The capitalization of the world’s largest mining companies BHP and Rio Tinto fell by 0.4% and 0.6%, respectively.
