Asian indexes closed sharply lower and U.S. stock indexes declined on Tuesday following massive losses seen stateside in the last session. Japan's Nikkei 225 closed down 4.73 percent, or 1,071.84 points, at 21,610.24 as stocks across sectors pulled back. Still, that was off lows touched by the index earlier in the day, when it had seen losses of some 1,600 points. Automakers, financials and technology names were lower on the day, with Toyota down 2.87 percent. Among other blue chips, SoftBank Group tumbled 4.9 percent and Fanuc Manufacturing lost 4.55 percent. Fast Retailing sank 5.46 percent. Across the Korean Strait, the Kospi declined 1.54 percent to close at 2,453.31. Blue chip technology names were lower, with Samsung Electronics down 1.04 percent by the end of the day. Rival chipmaker SK Hynix closed flat. Among automakers, Hyundai Motor traded briefly in positive territory, but later slipped 0.94 percent.

Down Under, the S&P/ASX 200 declined 3.2 percent to finish the session at 5,833.3 on broad-based selling across sectors. The energy sub-index was among the worst-performing during the session, falling 4.49 percent as energy-related stocks declined following oil prices' move lower. Santos fell 4.44 percent and Oil Search lost 3.26 percent. The heavily weighted financials sector was also sharply lower, with Australia's "Big Four" banks closing in the red. ANZ was down 2.99 percent and Westpac tumbled 3.13 percent by the end of the day. The was down 4.39 percent by 3:31 p.m. HK/SIN as stocks sold off across sectors. Among financials, heavyweight HSBC fell 2.96 percent and China Construction Bank lost 5.99 percent ahead of the market close. Tech giant Tencent tumbled 6.17 percent by 3:36 p.m. HK/SIN. Energy-related stocks also extended declines on Tuesday, with CNOOC tumbling 5.17 percent.

A man reacts after looking at an electronic stock board outside a securities firm in Tokyo, Japan, on Tuesday, Feb. 6, 2018. Noriko Hayashi | Bloomberg | Getty Images

Mainland stocks, which had risen in the last session, followed the region lower on Tuesday. The slid 3.38 percent to close at 3,369.71 and the Shenzhen composite lost 4.44 percent to end at 1,726.09. The blue chip CSI 300 index, which tracks large cap names listed in Shanghai and Shenzhen, finished the session lower by 2.94 percent, with telecommunications and energy the worst-performers on the day. China's start-up Chinext index recorded steeper losses to close lower by 5.32 percent. Other market indexes in the region also took a beating on Tuesday: Taiwan's Taiex lost 4.95 percent, Vietnam's benchmark VN Index fell 4.81 percent and Malaysia's KLCI tumbled 2.22 percent at 3:33 p.m. HK/SIN. New Zealand markets were closed for a public holiday.

US futures point to slightly lower open