The Chinese markets are accepting strong pressures shortly before the completion of the transactions, while the Central Bank has channeled today the largest daily "injection" of liquidity of the last 19 months.
The Shanghai Composite index in mainland China recorded strong losses by 6%, while the smaller indices Shenzhen Composite and ChiNext are under severe selloff and declined at least by 6%.
The Hang Seng in Hong Kong moved lower by 1.4%.
The Central Bank of China set the average variation of the yuan before the opening of markets on Tuesday, close to yesterday's closing at $6.3902.
The shares in Tokyo moved slightly with a low volume of transactions, indicating the hesitation of investors due to China, despite the fact that the recent results of domestic companies satisfied the investors.
At corporate level, the share of GS Yuasa Corp. (TOKYO:6674) was up by 2.5 as the company announced that in 2017 will start to produce the first lithium-ion batteries for use in electric vehicles.
Despite the neutral movements of the dollar, many emerging market currencies move in perennial lows. The Thai baht was found today to new six-year lows at 35.55 baht per dollar.
In other Asian markets, the Sensex in India strengthened by 0.43%, the Kospi in South Korea declined by 0.52% and the SET in Thailand fell by 1.79%.
In Australia, the ASX 200 closed with losses of 1.2%.
Euro Reverted To $1.1070
The European currency faced rejection at $1.1100 level and now trades neutral near $1.1070 level due to the release of UK CPI print.
Markets are also nervous due to Greece’s big debt repayment to the ECB on Thursday. After the approval of eleven Eurozone parliaments, Greece could receive the first tranche from the third rescue package.