Asia-Pacific markets poised to slide following selloff in U.S. markets; Nikkei 225 falls 2%
Asia-Pacific markets are poised to slide on Tuesday, tracking losses in the U.S. following anxiety over tariff policy and a potential recession in the world’s largest economy.
Japanese markets led losses in the region, with the benchmark Nikkei 225 falling over 2% shortly after the open, while the broader Topix index fell 1.57%.
The country’s revised GDP for the fourth quarter came in at 2.2% on an annualized basis, below economists’ expectations and the previous estimate of 2.8% growth.
South Korea’s Kospi started the day 1.78% lower, while the small-cap Kosdaq plunged 2.11%.
Australia’s S&P/ASX 200 fell around 1.28% in early trade, reversing course from gains in the previous session.
Futures for Hong Kong’s Hang Seng index stood at 23,321 pointing to a slightly weaker open compared to its Monday close of 23,783.49.
Source: CNBC
