Asia Market Falls on US Data

Asian markets opened lower Tuesday, tracking sharp overnight losses on Wall Street after disappointing U.S. manufacturing data soured risk appetite

Morningstar News Team 4 February, 2014 | 10:27AM

The Nikkei tumbled 3.4%, extending yesterday's decline. The Hang Seng fell 2.4% while the All Ordinaries lost 1.6%. Mumbai's Sensex also opened weak, tracking global cues – down 0.9% in early trades.

Mainland Chinese markets remained closed for the Lunar New Year Holiday.

Growth concerns revisited the markets after dismal manufacturing report from the U.S. stirred up fears of slowdown in major economies.

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