In Asia, Japan's Nikkei 225 closed down nearly 5.4 percent, South Korea's Kospi Composite index
plunged almost 2.3 percent, China's Shanghai Composite fell 0.6 percent, while India's S&P BSE Sensex was trading down 1.1 percent with an hour of trading remaining.
Earlier in Asia, South Korea's Kospi Composite Index
rose a hefty 2.2 percent to 1,970.66 after the government said industrial output grew for the 19th straight month in January, while Japan's Nikkei 225 stock average climbed 0.9 percent to 10,586.02.
The Japanese Nikkei 225 edged by 0.5 percent, KOSPI Composite Index
South Korea's Kospi Composite index
declined 1.7 percent and Taiwan's key index fell 2.2 percent.
India's S&P BSE Sensex and South Korea's Kospi Composite Index
ended the day marginally higher.
Japan's key Nikkei stock index closed 1.75 percent lower and South Korea's Kospi Composite Index
lost 0.52 percent after tumbling more than 4 percent on Monday.
Elsewhere in Asia, Hong Kong's Hang Seng Index closed down 1.3 percent, Japan's Nikkei 225 finished 1 percent lower, and South Korea's Kospi Composite index
slipped 0.2 percent.
South Korea's Kospi Composite Index
shed over 1 percent and Taiwan's Weighted Index fell over 2 percent.
On Friday, Japan's benchmark Nikkei 225 Index closed down 4.84 percent - recovering slightly from an earlier drop of over 5 percent - while Seoul's Kospi Composite Index
ended the day down 6 percent.
Also on Tuesday, Japan's Nikkei 225 index ended the day down 2.35 percent, while in South Korea, where investor sentiment was hurt by data showing that the (http://abcnews.go.com/International/wireStory/south-koreas-4q-growth-slows-construction-spending-drops-36515094) country's economy grew at a slightly lower rate in the last quarter of 2015 from the previous three months, the Kospi Composite index
closed down 1.1 percent.
Other Asian stock markets, including India's Sensex, Japan's Nikkei 225 and South Korea's Kospi Composite index
were also boosted by early gains in the price of oil.
While Japan's Nikkei 225 and South Korea's Kospi Composite index
closed down more than 1 percent, India's Sensex and China's Shanghai Composite index were both up 0