Tokyo's Nikkei 225 index slipped 3.8% and Japan's broader TOPIX index fell 3.5%. In South Korea, the KOSPI dropped nearly 1% and Australia's S &P/ASX 200 dipped 0.95%. In China, markets fluctuated as investors responded to the White House clarifying that the level of tariffs on Chinese goods is now 145% -- not 125% as previously believed.