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Asia Slumps Amid Global Tensions

Asian markets fell across the board in on Tuesday as investors remained cautious amid rising global tensions.

In Japan, the Nikkei 225 plummeted 604.04 points, or 2.7%, to 22,010.78.

The Japanese yen traded at 112.34 against the U.S. dollar, strengthening from an earlier low of 112.84.

In Hong Kong, the Hang Seng Index capsized 806.6 points or 3.1%, to 25,346.55

Korean stocks fell to lows not seen since March 2017.

Australian stocks moved lower, with the heavily-weighted financial sector falling 1.2% and the energy sub-index declining 3.2%.

Shares of hospital operator Healthscope jumped 19.3% Down Under after the company said it had received a takeover proposal from a consortium for 4.11 billion Australian dollars ($2.9 billion U.S.)

The Australian dollar traded at $0.707186 U.S., sliding from levels above $0.711 yesterday.

A Saudi official provided this weekend a new account of the death of journalist Jamal Khashoggi, deviating from a prior official statement from Saudi Arabia. Khashoggi's death has led to global criticism toward Saudi Arabia and has sent ripple effects throughout global markets. Last week, foreign investors reportedly dumped more than $1 billion worth of Saudi stocks.

CHINA

The CSI 300 settled 86.34 points, or 2.7%, to 3,183.43

Meanwhile, the U.S.-China trade war remain a focus for markets. A Chinese official told American investors at a meeting that Beijing did not
"fear" a trade war with Washington.

In other markets

In Singapore, the Straits Times STI index slumped 46.67 points, or 1.5%, to 3,031.39

In Taiwan, the Taiex index slouched 199.08 points, or 2%, to 9,775.20

In Korea, the Kospi index gave back 55.61 points, or 2.6%, at 2,106.10

In Australia, the ASX 200 lost 129.08 points, or 1.5%, to 5,843.09

In New Zealand, the NZX 50 returned from holiday to tumble 129.08 points, or 1.5%, to 8,673.18