Asia-Pacific stocks set for opening declines following Wall Street tumble

Asia-Pacific stocks set for opening declines following Wall Street tumble

SINGAPORE — Shares in Asia-Pacific fell during Tuesday morning trade after that saw the tech-heavy Nasdaq Composite dropping more than 4%. The in Japan fell 1.88% as shares of dropped nearly 2%. The Topix index traded 1.75% lower. South Korea's dropped more than 2% while the in Australia fell 2.33%. MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.76% lower. Technology shares in Asia-Pacific declined in Tuesday morning trade, largely mirroring losses after the Nasdaq Composite dropped 4.29% overnight to 11,623.25. On Tuesday morning, shares of Japanese conglomerate fell 4.9%. South Korea's Kakao shed 2.38% while Krafton fell 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. The Dow Jones Industrial Average shed 653.67 points, or 1.99%, to 32,245.70. Currencies and oil The , which tracks the greenback against a basket of its peers, was at 103.693 — off levels above 103.8 seen recently. The traded at 130.38 per dollar, stronger as compared with levels above 130.5 seen against the greenback yesterday. The was at $0.6953, struggling to recover after last week's drop from