Asian stocks tumble over 1% in tandem with Wall Street

Asian stock indices opened the third session of the week sharply lower in tandem with Wall Street with the tech sector leading the decline amid concerns about rising US-China tensions, while Brexit negotiations stall between the UK and the EU. 

Earlier data from New Zealand showed manufacturing sales fell 11.9% in the second quarter, while an index tracking business sentiment improved to minus 26 from minus 41.8 in August.

Earlier Japanese data showed the M2 money supply index rose 8.6% in August, up from 7.9% in July, while machine orders tumbled 23.3% in August. 

Earlier Chinese data showed consumer prices up 2.4% as expected in August, slowing down from 2.7%, while producer prices fell 2%. 

US President Donald Trump said recently it's possible he'll separate the US economy completely from China and that the World Trade Organization has become much better for america. 

He said he'll ban federal contracts for companies using Chinese sources, while attacking Democrats for impeding new economic bills he believes will benefit the economy.

Japan's TOPEX fell 1.6% to 1,595, while Nikkei 225 tumbled 1.57% to 22,908. 

China's CSI 300 fell 2.03%, while Shanghai swooned 1.61% to 3,263. 

Hong Kong's Hang Seng fell 1.28%, as South Korea's KOSPI fell 0.91% to 2,380. 

New Zealand's NZX 50 fell 1.37%, while Australia's S&P/ASX 200 fell 2.61% to 5,850.