Tough day ahead for Asian markets on Tuesday after the Dow Jones Industrial Average fell 1.84%, the S&P 500 lost 1.16%, and the Nasdaq Composite dropped 0.13%.
NEW YORK: Asian shares opened weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks.
JPMorgan Chase & Co and Bank of New York Mellon Corp on Monday fell 3.1% and 4.0%, respectively, while HSBC Holdings Plc and Standard Chartered Plc hit 25-year-lows on reports that they and others moved funds despite red flags about the origins of the money.
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