FXstreet.com (Barcelona) - Asian stock markets have opened Tuesday's session in red weighed by sharp losses posted by real state firms and banks with weakness by lower consumer demand hitting also the technology sector.

Tokio's Nikkei 225 index has declined 1.4% in afternoon trading, while south Korea's Kospi Index has dropped 2.2%, and Australia's S&P/ASX 200 has declined 3.4%. China's Shangai Composite index has dropped 3.6% and Hong Kong's Hang Seng Index is down 2.2%.

US stock indexes have lead the downward path as Wall Street closed the session with negative figures after having been trading in levels close to zero for most of the day. The Dow Jones Industrial Average Index lost 2.6% of its value weighed by news of job cuts of large proportions by Citigroup.