British News Agency

The pan-European Stoxx 600 index was down 0.3 percent by mid-morning, with most sectors in negative territory.

The FTSE 100 was an outlier among major regional bourses, up 0.6 percent after the latest U.K. data showed the inflation rate dropped sharply to 1.7 percent in September, according to the Office for National Statistics. The steep fall from the 2.2 percent print seen in August adds to expectations that the Bank of England will cut rates in November.

China’s CSI 300 Real Estate Index jumped as much as 5.8 percent, according to data on LSEG. The broader benchmark CSI 300 slipped 0.63 percent to close at 3,831.59. Hang Seng Mainland Properties Index rose about 3.8 percent, while the Hang Seng index was flat, as of its final hour of trade.

Japan’s Nikkei 225 fell 1.83 percent to close at 39,180.3, while the broad-based Topix dropped 1.2 percent to finish at 2,690.66. The Taiwan Weighted index lost 1.21 percent to finish at 23,010.98, dragged down by the technology sector. Australia’s S&P/ASX 200
 dropped 0.41 percent to 8,284.7. South Korea’s Kospi fell 0.88 percent to end at 2,610.36, while the small-cap Kosdaq dropped 1.04 percent to 765.79.

In the U.S., stocks tumbled amid corporate earnings season; the Dow Jones Industrial Average lost 324.80 points, or 0.75 percent, closing at 42,740.42. The 30-stock average touched a fresh intraday record before sliding. The S&P 500 slipped 0.76 percent to end at 5,815.26, and the Nasdaq Composite fell 1.01 percent to 18,315.59. The declines came following a strong session on Monday that sent the S&P 500 and Dow to all-time highs.