HONG KONG : Stocks fell broadly, while the U.S. dollar also weakened early on Tuesday, as investors weigh corporate earnings and economic growth outlooks in a busy week.
"There's a lot of uncertainty. People still don't know how much bank lending has been impacted by recent developments ... when inflation will durably peak," said Prashant Bhayani, chief investment officer Asia, BNP Paribas Wealth Management. In the U.S. treasury market, yields fell as participants looked for less risky places to park cash amid concerns over the approaching debt ceiling deadline.
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