DAVID HAFFENREFFER, CNN ANCHOR: Time for a check on how the Asian markets fared overnight. Janine Graham takes a look for us, from our studios in Hong Kong. Hi, Janine.</s>JANINE GRAHAM, CNN CORRESPONDENT: Good morning, David. For the most part, Asian markets spent most of the day in the red, following Monday's selloff around the region. In Tokyo, the Nikkei added onto Monday's more than 4 percent loss, falling nearly 1.75 percent. The big losers were brokerage stocks. Reports that Japan's three largest brokerage houses are going to report a decline in profits this past fiscal year sent their shares tumbling on Tuesday, with Nomura Securities leading the way, falling almost seven percent. Checking other Asian markets, here in Hong Kong, the Hang Seng closed up fractionally. And in Malaysia, currency woes continued to drag down the stock market. Their composite index closed more than .3 percent lower. Late Monday, the country's central bank announced that its currency reserves fell 6 percent in March, furthering speculation that it will no longer be able to maintain its fixed exchange rate with the U.S. dollar. And checking the currency, the ringgit is now at 3.79 ringgit to the U.S. dollar. And that's the Asian business day. I'm Janine Graham, in the CNN Asia center in Hong Kong.</s>HAFFENREFFER: All right, Janine, thank you very much. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Asian Market Update: Stocks Post Losses, Following Monday Selloff