Shares slipped Tuesday in Asia after markets tumbled worldwide on worries about the pandemic’s economic pain.Shares declined in Hong Kong, Seoul, Sydney and Shanghai while Japanese markets were closed for a holiday.
Stocks of big banks fell after a report alleged that several are profiting from illicit dealings with criminal networks. Hong Kong-traded shares in HSBC Holdings PLC, one of the banks mentioned in the report, skidded to their lowest level since 1995.