Shares in major Asia-Pacific markets slipped on Tuesday, with Chinese search giant Baidu seeing a muted debut in Hong Kong.
The Nikkei 225 saw its losing streak continue, docking 178.23 points, or 0.6%, to 28,995.92.
Shares of Japanese conglomerate Softbank Group declined 0.9%.
The Japanese yen traded at 108.74 per U.S. dollar, following an earlier high of 108.66 against the greenback.
In Hong Kong, the Hang Seng thundered lower 387.96 points, or 1.3%, to 28,497.58.
In corporate developments, Baidu’s stock saw a lackluster Tuesday debut in Hong Kong, with shares closing unchanged from their issue price.
The firm joins a long list of U.S.-listed Chinese tech companies that have done secondary offerings in Hong Kong, including Alibaba and JD.com.
Also in Hong Kong, shares of Tencent nudged 0.8% lower while Meituan dropped 5.2%.
In Singapore, shares of Capitaland soared more than 13% in Tuesday afternoon trade following the firm’s Monday announcement of a restructuring plan.
South Korea’s LG Electronics plunged 6.1%.
The Australian dollar changed hands at $0.7692, still off levels above $0.78 seen last week.
In other markets
In China, the CSI 300 dropped 47.9 points, or 1%, to 5,009.25
In Taiwan, the Taiex fell 11.63 points, or 0.1%, to 16,117.59.
In Korea, the Kospi index withered 30.72 points, or 1%, to 3,004.74.
In Singapore, the Straits Times index inched up 3.66 points, or 0.1%, to 3,131.74.
In New Zealand, the NZX 50 recovered 65.26 points, or 0.5%, to 12,394.34
In Australia, the ASX 200 slipped 7.06 points, or 0.1%, to 6,745.40.
