Asian equity markets were largely lower in Tuesday’s morning session, tracking a tumble on Wall Street overnight, and after latest data added to concerns about slowing activity in the world’s second-largest economy.
Japan’s key Nikkei 225 index retreated below the 17,000 level in early trade, touching a five-week low, on the back of a stronger yen.
China’s benchmark Shanghai Composite index reversed opening losses to rocket up 0.7 percent as a disappointing preliminary reading on the country’s manufacturing activity boosed expectations that more stimulus measures may be unveiled to avoid a sharper slowdown.
South Korean shares mirrored losses in its Asian peers to start off Tuesday near an eight-and-a-half-week session low hit in Monday’s session.
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