Stock indexes in Asia-Pacific region fell Tuesday to its lowest level since Dec. 30 because of fears that the tightening of monetary policy in China will slow economic growth, reports Bloomberg.

Composite stock index MSCI Asia Pacific Asia Pacific declined by 1,3% - to 119.92 points. Hong Kong Hang Seng has lost 1,6%, the Japanese Nikkei 225 - 1,1%.

According to Credit Suisse, Chinese banks have stopped issuing new loans throughout the country since 19 January. Experts believe that this could lead to a significant reduction in industrial production for the month.

Commodity prices are falling, as investors are concerned about possible reductions in demand in China.

Bank of Japan on the basis of two-day meeting that ended on Tuesday, remained unchanged at 0,1% key interest rate overnight, as expected. The Central Bank also left its assessment of past economic situation in the country.

Stock quotes

third-largest Chinese bank Bank of China Ltd. fell by 2,4%, Bank of Communications Co. - By 3,4%. Goldman Sachs lowered the valuation of the shares of Chinese banks because of the additional increase in the retention.

price of securities of Hong Kong mobile phone manufacturer Foxconn International Holdings Ltd. fallen by 10% since the company announced a significant reduction in profits in 2009.

Despite the positive financial results of American high-tech companies Apple and Texas Instruments, many companies in this sector in Asia, noted on Tuesday reduced the value of securities.

stock price of South Korean chip maker Hynix Semiconductor fell by 8,1% due to growing fears that no one offered to buy shares of companies with its creditors before the deadline for preliminary bids on January 29.

second-largest cable television company in Japan, KDDI has reduced the capitalization of 7%. KDDI intends to buy 38% of the largest companies in that industry in Japan - Jupiter Telecom - for $ 4 billion, but analysts believe the price of the deal too high. Papers Jupiter Telecom fell 8,1%.