Japan's Nikkei 225 opened down 543.35 points, or 0.82%, at 65,768.58 on Tuesday, Sept. 1.

India's National Statistical Office said GDP grew 7.8% year-on-year in the quarter to June, above expectations, matching the Jan–Mar quarter and roughly in line with 7.7% growth for the fiscal year to March. Authorities said oil-price spikes and US tariffs weighed on trade with a major export destination, but on a gross value added basis financial services, real estate and IT led with 12.1% growth; manufacturing rose 9.2% (vs 8.3% a year earlier) and electricity, gas and other utilities increased 8.9%.

A股退税商店板块盘初拉升，茂业商业涨超5%，百大集团、南宁百货、广百股份、翠微股份等个股跟涨。消息面上，商务部等7部门印发关于推动商品消费扩容升级的实施意见：到2030年社会消费品零售总额达60万亿元左右，汽车、家电、通讯器材、纺织服装等万亿级品类零售额持续增长。