Asia markets sink as tensions between Ukraine and Russia escalate

Hong Kong/ New York(CNN Business)Markets across Asia tumbled on Tuesday morning as tensions between Ukraine and Russia continued to escalate. New concerns over China's tech crackdown further dented the sentiment.

Japan's benchmark Nikkei 225 (N225) fell 1.9%, and Korea's Kospi (KOSPI) lost 1.4%. China's Shanghai Composite (SHCOMP) and Australia's S&P/ASX 200 were both down more than 1%.

Hong Kong's Hang Seng Index (HSI) fell 3.2%, poised to post the biggest daily loss in five months.