Asian markets settle lower on Tuesday

Asian markets settled lower on Tuesday tracking Wall Street’s fall overnight ahead of a slew of US economic data, including the delayed jobs report, which could influence the Federal Reserve’s policy decisions next month. Seoul shares fell, led by decline in tech shares on valuation concerns. Chinese and Hong Kong shares plunged weighed down by new energy shares and as diplomatic tensions between China and Japan deepened. Japanese shares dropped as tourism-related shares continued to fall after China advised citizens to avoid travel and study in Japan amid rising political tensions, while the yen soared on intervention fears.