Stocks waver, dollar softens as investors weigh earnings, data
Timilehin Adejumobi
1 min read
Stocks fell broadly, while the U.S. dollar also weakened early on Tuesday, as investors weigh corporate earnings and economic growth outlooks in a busy week.
MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 0.7% by 0220 GMT. Hong Kong’s benchmark edged down 1.2%, while mainland stocks (.CSI300) lost 0.7%.
Markets in Australia and New Zealand are shut for a holiday.
Japan’s benchmark Nikkei average (.N225) gained 0.5%. U.S. stock futures, the S&P 500 e-minis lost 0.2%.
On Monday, the Nasdaq closed lower, underperforming the S&P 500 and the Dow, with pressure from high-profile megacaps as investors awaited results from companies including Microsoft, while Tesla shares fell on concerns about its spending plans.
This report’s information was first seen on REUTERS; to read more, click this link.
