HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan tumbled on Tuesday as Chinese companies gave up a chunk of recent advances driven by expectations of state support for the country's equity markets.
The Nikkei Asia300 Index fell 2.5% to 1,184.27. The gauge had risen 1.1% on Monday after Chinese authorities voiced confidence in the nation's economy and indicated they would undertake measures to support mainland companies and their shares. The Shanghai Composite, which jumped 6.8% over the last two days, fell 2.3% on Tuesday. Hong Kong's Hang Seng Index, which includes several Chinese companies, erased the gains it had chalked up since Friday.
