• The Dow Jones Industrial Average .DJI fell 92.55 points, or 0.35 percent, to 26,062.12, the S&P 500 .SPX lost 16.18 points, or 0.56 percent, to 2,888.8 and the Nasdaq Composite .IXIC dropped 114.25 points, or 1.43 percent, to 7,895.79.

U.S. stocks fell on Monday, led by declines in technology and consumer discretionary stocks as investors looked to President Donald Trump’s announcement regarding tariffs on $200 billion of Chinese imports.

All three major U.S. indexes were lower, with the tech-heavy Nasdaq posting its biggest percentage loss since late July.

• Wall Street extended its losses ahead of the tariff announcement after Trump asserted his belief that the United States’ trade deficit with China was too big, stating “we can’t do that anymore.”

• Asia markets were mixed in early trade on Tuesday following an escalation in trade tensions between the United States and China.

• Australia's ASX 200 fell 0.29 percent as the energy and materials sectors fell 0.78 and 0.77 percent. The heavily-weighted financial subindex was up 0.37 percent as the country's four major banks gained: Shares of ANZ rose 0.6 percent and Commonwealth Bank added 0.42 percent.

• Japan's Nikkei 225 rose 0.39 percent and the Topix index was up 0.52 percent. The Japanese market resumed trading after being closed Monday for a public holiday.

• In South Korea, the Kospi was down 0.24 percent as blue chip stocks traded mixed. Shares of Samsung Electronics were up 0.1 percent, Korea Electric Power Corporation was down 1.2percent and Hyundai Motor added 0.8 percent.

• South Korean President Moon Jae-in left for Pyongyang on Tuesday for a historic summit with North Korean leader Kim Jong Un, with the aim of mediating stalled U.S.-North Korea nuclear talks and to strengthen inter-Korean relations, according to Yonhap news agency.

Reference: Reuters, CNBC