Hang Seng Index down 3.2% today - CNBC

As reported by CNBC, Hong Kong's Hang Seng Index is down 3.2% on the day, shedding over a thousand points as global equities selloff continues, along with a nested reminder about the RBA's interest rate decision later.

Key quotes:

• Asian shares fell on Tuesday, tracking massive losses posted by U.S. stocks.
• The sell off in U.S. stock markets was a continuation of Friday's weakness as investors rushed for the exits in the wake of rising interest rates.
• Australia's central bank is expected to make its rates decision later in the day.