Stocks in Asia went down as losses in U.S. were priced in

asian markets mixed

Shares in Asia went down on Tuesday, following suit in the losses that were seen in the United States when the Dow Jones Industrial Average plummeted by more than 1,100 points and the S&P index saw its worst loss in six years.

The Nikkei 225 index of Japan lost 4.95 percent due to shares across sectors went down. Automakers went down in the morning with Toyota dropping by 3.77 percent.

The SoftBank group went down by 5 percent and Fanuc Manufacturing dropped by 5.36 percent. Fast Retailing declined 5.16 percent.

The Kospi index of South Korea lost 2.26 percent. Stocks of blue chip tech companies went down with Samsung Electronics and SK Hynix going down by 1.63 percent and 1.85 percent respectively. Korean automakers, Hyundai Motor went down by 0.63 percent following a short rise.

The Hang Seng Index dropped by 3.15 percent in early trading. The Shanghai composite went down 1.52 percent and the Shenzhen composite lost 1.78 percent.

Over at Australia, the S&P/ASX 200 went down by 3.03 percent with the energy sub-index being one of the worst performers, going down by 4.24 percent as energy stocks went dropped after the decline of oil prices overnight. Santos and Oil Search went down by 4.54 percent and 3.06 percent respectively.

The financial sector declined as well with the Big Four banks in Australia on the negative territory. Westpac lost 3.29 percent and ANZ dropped by 3.03 percent.

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