Asia slips into the red

Japanese stocks are mainly lower in Tuesday trade. Story Tools

(CNN) -- Japanese and Asian stocks are weaker in early trade Tuesday after a down day on Wall Street and the lingering effects of Monday's bomb blasts in India.

Taiwan is down sharply after hitting a 14-month high on Monday.

Investors are selling Sony, Canon, Toyota and other blue chip exporters on worries over the recently stronger yen.

The Nikkei 225 average is down 0.63 percent to 10,211.46 after easing 0.04 percent to 10,276.64 on Monday.

The broader Topix index is down 0.67 percent to 991.08.

Other markets in the region are also lower, with Taiwan off 1.8 percent, Singapore down 1.1 percent, South Korea down about half a percent and Australia off about 0.2 percent.

But New Zealand, which slipped on Monday, is showing a gain of about 0.4 percent.

The moves in Asia follow a slightly weaker day Monday on Wall Street, where the Dow slipped a third of a percent and the tech-heavy Nasdaq eased just 0.06 percent. (Full story)

In Tokyo, consumer electronics leader Sony is down 1.31 percent to 3780 yen and Canon is 0.7 percent lower to 5580 yen.

Automakers are weaker, with market leader Toyota down about 0.6 percent and Honda off 1.2 percent. Nissan is about 0.8 percent lower.

The market's biggest stock, mobile phone company NTT DoCoMo, is 0.65 percent lower to 306,000 yen. Big banks are also mainly lower.

In Seoul, the Kospi is off 0.56 percent to 752.48, with falls for Hyundai Motor, Samsung Electronics and Shinhan financial group. But SK Telecom is half a percent higher to 191,000 won.

In Australia, the S&P/ASX200 is down 0.15 percent to 3171.7. Beverages group Foster's is down 1.3 percent to A$4.53 after releasing full year earnings.

There are modest falls for News Corp, BHP Billiton and Qantas Airways.

AXA Asia Pacific is down 4 percent to A$2.59 after posting first half earnings before one-off items of A$287 million.

In Taiwan, the Taiex is 1.79 percent lower to 5590.22, with market heavyweight TSMC down more than 3 percent to T$62.50. Its smaller rival, chip foundry UMC, is off 4 percent to T$26.10.

Singapore's Straits Times index is 1.1 percent lower to 1612.16. SingTel is flat, but big bank DBS is down 3 percent to S$13.00.

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