Tokyo — Asia stocks tumbled on Tuesday as jitters about an escalation in Sino-US tension with US House of Representatives speaker Nancy Pelosi set to begin a trip to Taiwan, adding to fears about the risk of global recession.
US e-mini stock futures pointed to a 0.44% lower restart for the S&P 500, which stumbled 0.28% overnight. That sank crude, with Brent futures edging down to $99.27 a barrel on Tuesday after losing almost $4 overnight. US West Texas Intermediate futures also eased to $93.26, extending Monday’s almost $5 slide.
The Taiwan dollar slipped to its lowest level in more than two years on the weaker side of 30 per US dollar.
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