TOKYO (AP) — Asian shares fell across the board Tuesday, taking their cue from a broad decline on Wall Street that reversed some of the big gains notched last week on hopes for interest rate cuts from the Federal Reserve .

Japan’s benchmark Nikkei 225 dove 1.1% in morning trading to 42,342.28. Australia’s S&P/ASX 200 declined 0.3% to 8,949.40.

South Korea’s Kospi lost 0.8% to 3,184.70 after data showed improved consumer sentiment, strengthening expectations that the central bank won’t move on interest rates. Hong Kong’s Hang Seng shed 0.2% to 25,766.68, while the Shanghai Composite slipped 0.1% to 3,878.24.

On Wall Street, the S&P 500 fell 0.4% Monday, but remains near its all-time high. The Dow Jones Industrial Average closed 0.8% lower after setting a record high on Friday. The Nasdaq

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