Shares in Asia-Pacific declined on Tuesday as tensions surrounding Russia and Ukraine continued to keep investors on edge.
In Japan, the Nikkei 225 tumbled 461.26 point, or 1.7%, to 26,449.61.
The Japanese yen traded at 114.80 per U.S. dollar, largely holding on to gains as compared to levels above 115.6 seen against the greenback last week.
In Hong Kong, the Hang Seng index lost 650.07 points, or 2.7%, to 23,520.
Hong Kong-listed shares of Alibaba dropped 3.05% following a Bloomberg report that Chinese authorities have told banks and state firms to report exposure to Ant Group.
Other Hong Kong-listed Chinese tech shares also declined, with Tencent dipping 0.13% and Meituan plunging 5.1%.
Investors continued to monitor geopolitical tensions, after Russian President Vladimir Putin ordered forces into two breakaway regions of eastern Ukraine, following a Monday announcement that he would recognize their independence.
After that development, the White House responded, with U.S. President Joe Biden ordering sanctions against the separatist regions of Ukraine.
In other markets:
In Shanghai, the CSI 300 dipped 60.16 points, or 1.3%, to 4,574.15.
In Singapore, the Straits Times index fell 35.78 points, or 1%, to 3,400.58.
In Korea, the Kospi index dropped 37.01 points, or 1.4% to 17,969.29.
In Taiwan, the Taiex swooned 252.2 points, or 1.4%, to 17,969.29.
In New Zealand, the NZX 50 waved goodbye to 41.71 points, or 0.3%, to 12,114.63.
In Australia, the ASX 200 shed 72.95 points, or 1%, to 7,161.28.
