Major markets in Asia close lower amid dampened sentiment

Major markets in Asia closed lower on Tuesday, with Italian politics and the slide in oil prices in the spotlight.

Japan’s Nikkei 225 declined 0.55 percent, or 122.66 points, to 22,358.43 amid broad-based losses, with strength in the yen weighing on major exporters. The safe-haven yen traded at 108.92 to the dollar at 3:00 p.m. HK/SIN, compared to Monday’s close of 109.41.

Electronics stocks finished the day lower, as did steelmakers, with the broader Topix slipping 0.48 percent.

Over in South Korea, the Kospi fell 0.88 percent to 2,457.25 as gains in some technology names failed to lift the broader index. Banks and most manufacturing stocks saw declines.

Symbol Name Price Change %Change
HSI HSI 30484.58 -307.68 -1.00%
ASX 200 S&P/ASX 200 6013.60 UNCH 0%
SHANGHAI Shanghai 3120.47 -14.61 -0.47%
KOSPI KOSPI Index 2457.25 UNCH 0%
CNBC 100 CNBC 100 ASIA IDX 8561.49 -53.85 -0.63%

Elsewhere, the Hang Seng Index slid 0.88 percent by 3:05 p.m. HK/SIN, hurt by losses in the heavily weighted financials sector. Shares of insurer AIA, in particular, fell 1.79 percent before the market close. On the mainland, the Shanghai composite gave up early gains to close 0.47 percent lower at 3,120.47 and the smaller Shenzhen composite dropped 1.07 percent.

The S&P/ASX 200 was a bright spot, with the index tacking on 0.16 percent…

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