Markets in Asia and the Pacific were lower on Tuesday, following a wide sell-off on Wall Street which sparked fresh concerns over the pace of recovery for the world economy.
Stocks in the United States tumbled on Monday in their worst loss in two months. The Dow Jones Industrial Average slumped 200.72 points, or 2.35%, to close at 8,339.01.
The New Zealand benchmark index was down 32 points, or 1.2%, to close at 2763 on turnover of $58 million on Tuesday.
Top stocks were mixed. Telecom was up 1 cent to $2.62, but Fletcher Building slid 21c to $6.41 and Contact Energy was down 7c to $5.76.
The Australian share market closed down 3% in its biggest one-day selloff in almost six weeks amid a worse than expected outlook for world growth.
The benchmark S&P/ASX200 index was 121.3 points, or 3.1% lower at 3796.9, while the broader All Ordinaries fell 117.8 points, or 3.01%, to 3793.
Japanese shares closed down 2.82% on Tuesday. The benchmark Nikkei-225 index slumped 276.66 points to 9,549.61. The broader Topix index of all first section shares dropped 20.79 points or 2.25% to 901.69.
Hong Kong share prices closed 2.89% lower, following slumps on Wall Street and regional bourses, dealers said. The Hang Seng Index closed down 521.18 points at 17,538.37.