Asian stocks weaken on stimulus worries, dollar holds firm

  • 📰 Reuters
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Asian stocks dipped on Tuesday, retreating from record highs as lingering concerns about potential roadblocks to the Biden administration's $1.9 trillion stimulus weighed on sentiment, dragging U.S. Treasury yields to three-weeks lows.

NEW YORK/SINGAPORE - Asian stocks dipped on Tuesday, retreating from record highs as lingering concerns about potential roadblocks to the Biden administration’s $1.9 trillion stimulus weighed on sentiment, dragging U.S. Treasury yields to three-weeks lows.

In a sea of red seen across Asian markets, South Korea and Hong Kong topped losers and fell 1.7% each, Japan slipped 0.6% and Chinese stocks shed 1.5%. All have touched milestone highs this month. “The immediate question now is when stimulus aid will be approved and how much?” said Christopher Grisanti, chief equity strategist at MAI Capital Management.

Overnight, the Nasdaq index scaled a new peak and added 0.7% on hopes of strong earnings later this week from technology titans, but the Dow Jones Industrial Average index struggled to keep pace and fell 0.12%. [.N]

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Please watch my YouTube videos and subscribe to my Channel, I would like to have 1 million Subscribers. Please Retweet!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines