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Asian shares drop as tech pullback, Nissan CEO’s arrest takes toll

Asian inventory markets fell in early buying and selling Tuesday, following tech-led declines on Wall Street.

Japan’s Nikkei

NIK, -1.09%

  was once down 0.8%, with electronics and equipment shares a number of the greatest decliners. Sony

6758, -3.09%

  was once down 2.6% whilst Fanuc

6954, -2.13%

  and Hitachi

6501, -2.90%

  had been off some 3%. But the automobile sector was once probably the most watched, following the arrest of Nissan CEO Carlos Ghosn on Monday. Alliance companions Nissan

7201, -5.45%

  and Mitsubishi

7211, -6.85%

  slid in early buying and selling, with Nissan at almost-2½-year lows. But rival Toyota

7203, +1.59%

  benefited, mountaineering 2%.

Hong Kong’s Hang Seng Index

HSI, -1.87%

  fell 1.3%, with Tencent

0700, -3.16%

 down 2.5% and smartphone-component companies AAC

2018, -3.48%

  and Sunny Optical

2382, -2.00%

  off some 2%. Xiaomi

1810, +7.79%

  jumped 5% after its third-quarter income record

In mainland China, the Shanghai Composite

SHCOMP, -2.13%

  was once down 1.2% and the smaller-cap Shenzhen Composite

399106, -2.72%

  dropped 1.4%. Among huge caps, real estate was once off 1.3% after the previous day’s sharp leap. Financials, which additionally had been robust Monday, pulled again 0.9%.

A record about every other round of manufacturing cuts for iPhones weighed on Apple

AAPL, -3.96%

  providers in Asia. Taiwan’s Taiex

Y9999, -0.86%

  fell 0.5% as product assembler Hon Hai

2317, -3.27%

  dropped 2.7% to hit recent five-year lows and Taiwan Semiconductor

2330, -1.80%

  declined 1.3%. Korean memory-chip maker SK Hynix

000660, -3.30%

  slid every other 2.7% and Samsung Electronics

005930, -1.95%

 lost 1.7% because the Kospi

SEU, -0.86%

 dropped 0.6%.

Australia’s benchmark index

XJO, -0.38%

  was once down 0.8%, and New Zealand

NZ50GR, -0.83%

  and Singapore

STI, -1.21%

  posted losses as neatly.

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