Asian Stock Market: Caution stems ahead of US Retail Sales

Japanese traders return from the holiday and NIKKEI posts modest gains of 0.23%. Meanwhile, Hong Kong's Hang Seng is down 1.85%, Shanghai Composite Index loses 0.06% and KOSPI Index down 0.5%.

On the US-China headline, US Climate Envoy John Kerry informed China's top diplomat, Wang Yi, on Tuesday that"our hope is now that this could be the beginning of new cooperation to solve the differences between us." The market will keep an eye on the renewed tensions between the US-China that could weigh on the risk sentiment.

. Also, investors will focus on the US Retail Sales for June, which is expected to rise by 0.5% from 0.3% the previous month. This data might influence the USD dynamic and hint at a sooner end to the rate hike cycle. This, in turn, underpins riskier assets like Gold, equities, AUDUSD, etc.Information on these pages contains forward-looking statements that involve risks and uncertainties.

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