Asian stock market indices suffered once more on Tuesday as investors digested falling oil prices, stoking fresh fears of a global economic slowdown.
The volatile Shanghai SSE suffered the worst of the bunch, shedding 6.4 percent while Tokyo’s Nikkei 225 lost 2.4 percent. Hong Kong’s Hang Seng ended the day down 2.5 percent.
Some of the harest-hit retail shares included Chow Tai Fook, which slumped 5.1 percent to end at 4.25 Hong Kong dollars. Isetan Mitsukoshi lost 4.2 percent to end at 1,470 yen. Esprit shed 3 percent to end at 7.97 Hong Kong dollars. Shiseido lost 3.7 percent to finish at 2,193 yen.
Retail stocks in the United States suffered on Monday in the lead up to Coach second-quarter earnings, which will be released Tuesday.