Shanghai gave up most of its gains from the previous session, leading declines Tuesday in Asia
The Nikkei 225 index in Japan let go of 9.81 points, or 0.1%, to 14,732.61, as a stronger yen weighed on the market.
In Hong Kong, the Hang Seng index swooned 192.50 points, or 0.8%, to 23,179.04
Stocks continued to come down from the initial excitement following the U.S. Federal Reserve’s decision last week to leave bond buying unchanged. That gave markets in Asia a boost on Thursday, though stocks have weakened since then.
The yen strengthened to 98.72 yen to the dollar early in Asia compared with ¥98.84 late on Monday in New York and ¥99.33 late on Friday.
Exporters were affected by the firmer currency — especially car companies. Toyota Motor Corp. dropped 0.6%, and Honda Motor Co. was 1.2% lower.
Miners led Australia’s index lower. Rio Tinto dropped 1.1%, and BHP Billiton slid 0.8%.
A number of Asian companies supplying U.S. technology giant Apple Inc. moved higher after the company reported a “record-breaking” opening weekend for its newest iPhones.
Apple’s stock finished 5% higher on Monday, and on Tuesday Murata Manufacturing Co. gained 1.3% in Tokyo, LG Display rose 1.7% in Seoul, and Hon Hai Precision Industry rose 0.5% in Taiwan.
In other markets;
The Shanghai CSI 300 index lost 28.40 points, or 1.2%, to 2,443.89
Korea’s Kospi index dipped 2.31 points, or 0.1%, to 2,007.10
Taiwan’s Taiex index rose 6.29 points, or 0.1%, to 8,299.12
The Singapore Straits Times Index dropped 2.50 points, or 0.1%, to 3,211.75
In New Zealand, the Exchange 50 Gross Index regained 9.21 points, or 0.1%, to 4,710.59
In Australia, the S&P/ASX 200 slid 18.30 points, or 0.4%, to 5,234.16
