Stocks waver, dollar softens as investors weigh earnings, data
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.
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