China's blue chips fell 1.08%, while Hong Kong's Hang Seng index slid nearly 2%
SYDNEY – Asian stocks edged lower on Tuesday, contrasting with a strong Wall Street close and investor optimism about corporate earnings, while the dollar held near a two-month top, aided by bets on a smaller US rate cut next month.
China's blue chips fell 1.08%, while Hong Kong's Hang Seng index slid nearly 2% as a lack of new stimulus details from Beijing left investors wanting for more. "We still like US stocks and the broad AI theme as corporate earnings growth expands beyond tech. Yet fears over stretched valuations can drive brief selloffs. This calls for considering global exposure where we see cheap valuations and potential catalysts."
Stock futures edged higher on Tuesday, with S&P 500 futures ticking up 0.06% while Nasdaq futures rose 0.02%.In the foreign exchange market, the dollar slipped 0.12% to 149.60 yen, pulling back from a 2-1/2-month high of 149.98 overnight. The euro eased 0.17% to $1.0890, languishing near the 10-week trough overnight, ahead of a rate decision from the European Central Bank on Thursday.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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