Asian stocks dip as US political concerns grow

SYDNEY/NEW YORK - Asian stocks slipped on Tuesday as investors adjusted risk exposure heading into the US election and as a deadline for Washington to pass an economic stimulus bill approached while Europe reported record daily coronavirus infections.

Chris Weston, the head of research at Melbourne brokerage Pepperstone, said while there were worries about the US stimulus package, recent declines were likely due to positioning ahead of the Nov 3 presidential election. Japan's Nikkei slipped 0.34 per cent. Hong Kong's Hang Seng index bucked the trend to rise 0.16 per cent. Singapore's Straits Times Index was trading 0.6 per cent lower.

More on this topic European shares closed lower as surging Covid-19 cases raised investor concerns. Parts of the UK were put into lockdown and France imposed curfews.

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