Nikkei 225, Nifty 50, Kospi

Asia-Pacific markets fell on Tuesday, following a tech-driven slump on Wall Street.

Japan’s reference point Nikkei 225 It fell 0.92% while the Topix fell 0.6%. South Korea’s Kospi index fell 0.64%, while the small-cap Kosdaq lost 0.58%.

Hong Kong’s Hang Seng index was down 0.86%, while the mainland CSI 300 was flat.

Australia’s reference point S&P/ASX 200 It fell by 0.76%.

Japan’s 20-year government bond yield rose almost 4 basis points to 2.78%, its highest level since July 1999, according to LSEG data. The yield on the 10-year government bond rose nearly 2 basis points to 1.751%.

Overnight, stocks pulled back in the US and Wall Street was once again hurt by declines in technology as it awaited major announcements this week, including Nvidia earnings and the September jobs report.

The Dow Jones Industrial Average closed down 557.24 points, or 1.18%, at 46,590.24 as losses in the AI ​​chip darling along with Salesforce and Apple dragged the blue-chip index lower. The S&P 500 index closed at 6,672.41 points with a loss of 0.92 percent, and the Nasdaq Composite closed at 22,708.07 points with a decrease of 0.84 percent.

Nvidia fell nearly 2% ahead of the company’s third-quarter results, which are scheduled to be released after the bell on Wednesday. The chipmaker and other names in the AI ​​trade have been under pressure recently as investors worry about stretched valuations. Blue Owl Capital, a private lender, lost nearly 6% amid concerns about heavy loans tied to its AI data center creation.

— CNBC’s Sean Conlon and Fred Imbert contributed to this report.