Asian stocks were mostly lower on Tuesday

Asian stocks were mixed in thin trading Tuesday as investors awaited to see if Chinese and American officials can schedule a planned meeting this month to continue trade talks. Treasury yields ticked higher and the dollar strengthened.

Asian Stocks

  • MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.3% while Japan’s Nikkei rose by 0.1%.
  • China’s mainland shares were fractionally lower while Hong Kong’s benchmark edged up 0.1%.

Currency Markets

  • The yen dipped 0.1% to 106.34 per dollar.
  • The offshore yuan ticked 0.1% up to 7.1866 per dollar.
  • The peso closed 0.88% stronger in official markets.
  • Sterling dipped 0.25% to $1.2030
  • The Australian dollar fell 0.1% to 67.08 U.S. cents.

Oil prices

  • West Texas Intermediate (WTI) crude lost 0.31% to $54.93 per barrel.
  •  International benchmark Brent futures rose 0.15% to $58.75 per barrel.

Source

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