The sell-off in stocks continued across Asia Pacific on Tuesday as fears mounted of a recession in the United States and a slowdown in the global economy.
Japan’s Nikkei index fell 1.7 percent in afternoon trading, while China’s Shanghai Composite Index was off 0.5 percent. In Australia, the key stock index tumbled about 4 percent, to its lowest levels in two years.
The market declines followed weakness in the United States, where stocks lost 3.9 percent on Monday to close in bear market…
