Tokyo — Asian shares fell on Tuesday as earnings season nerves in the US dented Wall Street, while a cocktail of negative drivers from Saudi Arabia’s diplomatic isolation to concerns over Italy’s budget and Brexit talks depressed sentiment. Selling in the region erased gains made in the previous two sessions’ rally, which was led by Chinese stimulus hopes, with the MSCI’s broadest index of Asia-Pacific shares outside Japan dropping 1.3%. South Korea’s Kospi fell as much as 2.5% and was on course to hit a one-and-a-half-year low. In Japan, the Nikkei fell 2.3%. US stock futures dropped 0.8% in early Tuesday trade. On Monday the S&P 500 lost 0.43% as investors kept a wary eye on earnings amid global growth worries. Enthusiasm over some of the upbeat results was also tempered by the growing political uncertainty around the world. “In short, the world seems to be getting into chaos,” said Akira Takei, bond fund manager at Asset Management One. US President Donald Trump said on Monday he...
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