Hong Kong’s Hang Seng index led losses in Asia-Pacific markets on Tuesday, as basic material and industrials stocks fell.
In Japan, the Nikkei 225 index declined 122.75 points, or 0.3%, to 38,946.93.
In Hong Kong, the Hang Seng index dropped 415.6 points, or 2.1%, to 19,220.62.
Australian markets slipped as investors assessed the minutes of its central bank May meeting, which revealed the RBA considered raising rates due to higher inflation risks.
CHINA
In Shanghai, the CSI 300 dumped 14 points, or 0.4%, to 3,676.15, retreating from an eight-month high.
China’s urban unemployment rate for people aged 16-24 dropped to 14.7% in April, compared with 15.3% in March.
Data from the country’s statistics bureau said that the figure excludes those still in school, as per a revised definition since December 2023.
China revamped its definition of youth unemployment after the government stopped reporting data in June 2023, as it rose past a record high of more than 21%.
In other markets
In Korea, the Kospi index lost 17.96 points, or 0.7%, to 2,724.18.
In Singapore, the Straits Times Index erased 6.15 points, or 0.2%, to 3,307.90.
In Taiwan, the Taiex index doffed 34.88 points, or 0.2%, to 21,236.75.
In New Zealand, the NZX 50 index retreated 59.72 points, or 0.5%, to 11,675,99.
In Australia, the ASX 200 shed 11.98 points, or 0.2%, to 7,851.68.