Asian stocks fall sharply after Wall Street falls

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Asian stocks fall sharply after Wall Street falls

SYDNEY, NSW, Australia- stocks in Asia fell sharply Tuesday after falling in the United States and Europe.

The Nikkei 225 fell by 430.46 points or 1.71 percent to 24,790 in Japan. 95.

The S&P NZX 50 in New Zealand lost 168.32 points or 1.41 percent to 11,744. 95.

Australian All Ordinaries declined by 68.30 points or 0.93 percent to 7,252. 90.

In Hong Kong, the Hang Seng was down 380 points in late trading, while China's Shanghai Composite was off 80 points.

There was no holding back the U.S. dollar on foreign exchange markets. The euro fell to 1.0853. The British pound fell to 1.3087. The Japanese yen weakened to 115.47. The Swiss franc has softened to 0.9262.

The Canadian dollar was a bit less than 1.2828. The high-flying Australian dollar came down to earth with a thud, last changing hands after the Sydney close at 0.7274. The New Zealand dollar fell sharply to 0.6806.

The Dow Jones index was down 797.42 points or 2.37 percent over the night on Wall Street to close Monday at 32,817. 38.

The Nasdaq Composite fell 482.48 points or 3.62 percent to 12,830. 96.

The Standard and Poor's 500 gave up 127.78 points or 2.95 percent, or 4,201. 01.