A group of cars ready to be shipped to overseas markets at Taicang Port, Jiangsu Province, China, April 9, 2024.
Future Publishing | Future Publishing | Getty Images
Asia-Pacific markets continued their declines as the world awaits Israel's response to the Iranian air attack over the weekend.
On Tuesday, the focus will be on China's first-quarter GDP numbers, with the world's second-largest economy expected to grow 4.6% compared to last year.
China's industrial production and retail sales figures are also expected on Tuesday.
Hong Kong Hang Seng futures hit 16,430, indicating a weaker open compared to the HSI's close of 16,600.
Japan Nikki 225 The Topix index fell 1.5% at the open, while the broad-based Topix index fell 1.04%.
South Korea's KOSPI also fell by 1.31% and the small-cap KOSPIC saw a smaller loss of 0.86%.
in Australia, Standard & Poor's/ASX 200 Decreased by 0.86%.
Stocks fell overnight in the US on Monday as rising yields and concerns about conflict in the Middle East overshadowed strong Goldman Sachs earnings and hot retail sales data.
the Dow Jones Industrial AverageIt lost 0.65%, marking its sixth consecutive losing day, a streak not seen since June.
the Standard & Poor's 500It fell 1.2% despite trading rising 0.88% earlier in the session. the Nasdaq CompositeIt fell 1.79% as Salesforce and other technology stocks fell.
Rising interest rates also poured cold water on the market recovery, with the yield on the 10-year Treasury note rising above the key level of 4.6% in the session and reaching its highest point since mid-November.
— CNBC's Hakyung Kim and Alex Haring contributed to this report.
