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Hong Kong falls 2%, leading losses in Asia as investors await Big Tech earnings - CNBC

Top view of Seoul in the morning in autumn 2016.

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Hong Kong markets led losses in Asia on Tuesday, with the Hang Seng sliding 1.97% as Asian stocks largely fell ahead of earnings from Big Tech firms.

The Hang Seng Tech index saw a larger loss, tumbling 4% as technology stocks led losses on the HSI.

AlphabetMicrosoftAmazon and Meta are among the high-interest names scheduled to announce their results for the first quarter.

"Everyone's just waiting for tech earnings," said Chris Harvey, head of equity strategy at Wells Fargo Securities. "This is a very, very busy week for earnings, so we're just treading water."

Mainland Chinese markets also all finished lower, with the Shenzhen Component 1.48% down to close at 11,149.01 and the Shanghai Composite ending 0.32% lower at 3,264.87.

South Korea's Kospi slid 1.37% to close at 2,489.02 and the Kosdaq ended 1.93% down at 838.71, after the country's central bank announced that its GDP grew 0.8% year-on-year in the first quarter.

In contrast, Japanese markets were all higher, with the Nikkei 225 up 0.09% to end the day at 28,620.07 and the Topix finishing 0.24% higher at 2,042.15.

Markets in Australia and New Zealand are closed for a holiday.

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Hong Kong falls 2%, leading losses in Asia as investors await Big Tech earnings - CNBC
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