Asia stocks dropped as most equity gauges in the region fell, tracking declines in the U.S. as fresh turmoil over a sudden shakeup in President Donald Trump's administration dampened investor sentiment.
The MSCI Asia Pacific Index declined 0.4 percent as of 4:58 p.m. in Hong Kong, halting a four-day winning streak. Japan’s Topix index closed 0.5 percent lower as Hitachi Ltd. lead declines in technology, machinery companies and retailers.
The S&P 500 Index slid 0.6 percent Tuesday as Trump ousted U.S. Secretary of State Rex Tillerson and replaced him with CIA Director Mike Pompeo.
South Korea’s Kospi index declined 0.3 percent at close and Hong Kong’s Hang Seng Index fell 0.5 percent. Bubble tea maker B & S International Holdings Ltd. surged almost 300 percent in its market debut in Hong Kong.