By Dow Jones Newswires
Asian equities were broadly lower Tuesday as a pause may have finally arrived for Japanese stocks.
After gaining in seven straight sessions, the Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.43% fell more than 2%. Nissan shares /zigman2/quotes/208298710/delayed JP:7201 -2.14% fell after a Reuters report said the auto maker’s board will meet to discuss a replacement for former Chairman Carlos Ghosn, who was arrested last week. Elsewhere, Nintendo fell around 5% while Kobe Steel /zigman2/quotes/207391157/delayed JP:5406 -0.53% fell about 6%. Konica Minolta /zigman2/quotes/205772223/delayed JP:4902 +0.96% was among the biggest gainers.
Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.68% moved in volatile fashion but closed with a fresh high that marked the best since late September. Energy stocks fell, with Sinopec /zigman2/quotes/202085942/delayed HK:386 +1.46% down more than 1.1%. Tech, financials and property shares were also weak while typical safe-haven utilities outperformed.
South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.33% was down 0.8%, as chip makers Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.93% and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +0.50% each fell more than 2%. Singapore’s Strait Times Index /zigman2/quotes/210597985/delayed SG:STI +1.17% was off almost 1%, while Taiwan’s Taiex edged down, with Taiwan Semiconductor c /zigman2/quotes/207385621/delayed TW:2330 +1.40% dipping despite an upgrade from Daiwa, which predicted big gains in the chip maker’s AI business by 2020.
Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.68% dropped as the financial sector fell again. Australia & New Zealand Banking Group /zigman2/quotes/205482049/delayed AU:ANZ +1.03% was down nearly 1%, along with Commonwealth Bank /zigman2/quotes/200638713/delayed AU:CBA +0.01% and National Bank of Australia /zigman2/quotes/210431826/delayed AU:NAB +0.77% . Additionally, the Reserve Bank of Australia left interest rates unchanged at their historic low of 1.5%. New Zealand’s NZX-50 /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.06% slipped.