Asian stocks fell following falls on Wall Street overnight amid renewed concerns over the pace of the U.S. economic recovery.
Japan's shares lost 2.6 per cent, erasing two days of gains after the Bank of Japan's emergency Monday move failed to curb strength in the yen, while concerns over the U.S. economy recovery led to profit-taking.
S. Korean shares retreated, with banking stocks dipping following their rally in the previous session.
Australian stocks fell 0.5 per cent, erasing half of Monday's gains as the major miners and banks shares dropped amid concerns over the sluggish global economic recovery.
Taiwan's stocks index fell 1.4 per cent to 7,630.13.
Hong Kong's Hang Seng Index dropped 0.8 per cent.
China's key Shanghai Composite Index shed 0.4 per cent.
Singapore stocks fell 0.6 per cent, while Malaysian stocks market is closed for national holiday.
