Pedestrians cross a street in front of the Tokyo Stock Exchange, operated by the Japan Exchange Group, in Tokyo, Japan.
Toru Hanai | Bloomberg | Getty Images
Asia-Pacific shares were mixed on Tuesday, with Taiwan’s benchmark index falling more than 4% on its return to trading after a holiday, as investors weighed the impact of new US rules on chipmaker TSMC.
Japan and South Korea̵[ads1]7;s markets also resumed trading after a holiday on Monday. The Nikkei 225 fell 2.6% and the Topix lost 1.9%. In South Korea is Kospi fell 2.35% and Kosdaq fell 4.3%.
Hong Kong’s The Hang Seng Index fell 1.56% and the Hang Seng Tech index fell 2.96%. In Australia is S&P/ASX 200 gave up previous gains and was roughly flat.
The Shanghai Composite in mainland China got 0.4% and The Shenzhen component rose 0.876%. MSCI’s broadest index of Asia-Pacific shares outside Japan fell nearly 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 since July 2020, down 1.04% to 10,542.10, dragged down by a drop 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.