Investing.com - Shares in Asia fell with Tokyo and Shanghai down, with Sydney shut for a national holiday.
The Nikkei 225 slumped 2.36%. In China, the yuan was barely changed Tuesday despite the People's Bank of China setting a stronger fixing for a third consecutive session.
It was last at 6.5795 against the U.S. dollar compared with Monday's official close of 6.5794. The PBOC set the yuan fixing at 6.5548 compared with 6.5557.
Shares fell owing to increasing concerns about the international economy and falling oil prices. The Shanghai Composite fell 2.09% while the nextdoor Hang Seng Index was last down 1.39% to 19,070.53.
Overnight, U.S. stocks were lower after the close on Monday, as losses in the Oil & Gas, Basic Materials and Financials sectors led shares lower.
At the close in NYSE, the Dow Jones Industrial Average declined 1.29%, while the S&P 500 index fell 1.56%, and the NASDAQ Composite index declined 1.58%.