MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3%, after US stocks ended the previous session with mild losses.Higher US bond yields were supporting the dollar, with the US currency’s index measure against six peers moving back over 100 to test last week’s near-two year high.
The euro was buffeted by politics, unable to hold onto gains from its mini-relief rally on Monday after French leader Emmanuel Macron beat far-right challenger Marine Le Pen in the first round of presidential voting.
Hong Kong’s Hang Seng Index gained 0.6% in early trade on Tuesday, while China’s blue chip CSI 300 Index was up 0.4%.
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