Pedestrians cross a street in front of the Tokyo Stock Exchange, operated by Japan Exchange Group, in Tokyo, Japan.
Toru Hanai | Bloomberg | Getty Images
Asia-Pacific shares were mixed on Tuesday, with Taiwan’s benchmark index falling 4.35% to 13,106.03 in its return to trade after a holiday as investors weighed the impact of new US rules on chipmaker TSMC.
Markets in Japan and South Korea also resumed trading after a holiday on Monday. The Nikkei 225 fell 2.64% to 26,401.25 and the Topix lost 1.86% to 1,871.24. In South Korea, the Kospi fell 1.83% to 2,192.07 and the Kosdaq fell 4.15% to 669.50.
Hong Kong’s Hang Seng Index fell 2% in the last hour of trading and the Hang Seng Tech Index fell 3.16%. In Australia, the S&P/ASX 200 gave up earlier gains to close 0.34% lower at 6,645.
Markets in mainland China bucked the trend regionally, with the Shanghai Composite gaining 0.19% and the Shenzhen Component rising 0.529%. The broadest index of Asia-Pacific shares outside Japan fell about 2%.
“Shares continue to sell off as the impact of tighter monetary policy spooks investors,” ANZ Research analysts wrote in a note on Tuesday.
Overnight on Wall Street, the Nasdaq Composite closed at its lowest level since July 2020, down 1.04% at 10,542.10, dragged down by a slide in semiconductor stocks.
The S&P 500 also fell 0.75% to 3,612.39, while the Dow Jones Industrial Average shed 93.91 points, or 0.32%, to close at 29,202.88.
— CNBC’s Carmen Reinicke and Alex Harring contributed to this report.