Reflections of pedestrians on an electronics stock indicator at the window of a securities company in Tokyo, Japan.
Toshifumi Kitamura | AFP | Getty Images
SINGAPORE — Asia-Pacific markets were under pressure on Tuesday, following a sell-off in tech stocks that weighed down major U.S. indexes overnight.
In Australia, the ASX 200 inched down 0.8% ahead of the government’s budget announcement on Tuesday evening.
China said Tuesday consumer prices in April jumped 0.9% from a year ago, slightly missing the 1% forecast by analysts in a Reuters poll. However, the producer price index rose 6.8%, beating the 6.5% projected by analysts polled by Reuters.
In addition to inflation data, China is also expected to release results of its once-in-a-decade population census.
Elsewhere in the region, Southeast Asian countries Malaysia and the Philippines are scheduled to report first-quarter gross domestic product data.
Analysts in a Reuters poll expect Malaysia’s economy to shrink 2% in in the January-to-March quarter compared with a year ago and the Philippine economy to contract 3% in the same period.
In the foreign exchange market, the U.S. dollar strengthened 0.08% to 90.281 against a basket of its peers in early Asia trade.
Major Asia-Pacific currencies mostly weakened against the U.S. dollar on Tuesday.
Meanwhile, the Australian dollar was roughly flat against the greenback at $0.7833.
— CNBC’s Thomas Franck contributed to this report.