Declines continue in Asia as oil prices rise and stock markets fall

Oil prices continue to rise while stock markets fall. Monday's decline continued into Tuesday.

Japan's Nikkei 225 and Topix both fell about 2 percent by lunchtime.

South Korea's Kospi started the day sharply lower and was down 4.4 percent at 1 p.m. local time.

In Hong Kong and mainland China, the declines are somewhat smaller. The Hang Seng is down 0.3 percent, while Shenzhen and Shanghai are down 1 percent and 0.1 percent, respectively.