Asian Stocks Fall as Markets Eye Fed, China Omicron Cases

A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, on June 21, 2021. Kim Kyung-Hoon/Reuters

TOKYO—Asian shares sank in cautious trading Tuesday following a decline on Wall Street amid continuing worries about the Omicron coronavirus variant, especially rising cases in China.

Japan’s benchmark Nikkei 225 fell 0.8 percent in morning trading to 28,242.46. South Korea’s Kospi was little changed at 2,926.01. Australia’s S&P/ASX 200 dipped 0.8 percent to 7,391.50. Hong Kong’s Hang Seng lost 0.5 percent to 23,640.42, while the Shanghai Composite inched down less than 0.1 percent to 3,592.35.