Asian stocks mostly lower

Asian stocks

Asian stocks were mostly lower Tuesday as investors stuck to a holding pattern as they awaited more corporate earnings and a European Central Bank policy meeting later in the week.


Japan's benchmark Nikkei 225 index added 0.5 per cent to 16,587.54 as markets reopened after a holiday. South Korea's Kospi fell 0.5 per cent to 2,011.57.

Other Asian indexes slid, with Hong Kong's Hang Seng sliding 0.7 per cent to 21,658.92 and the Shanghai Composite Index in mainland China shedding 0.5 per cent to 3,028.72. Australia's S&P/ASX 200 edged less than 0.1 per cent lower to 5,456.20.

Major US benchmarks ticked higher as the S&P 500 index to another record, rising 0.2 per cent to end at 2,166.89. The Dow Jones industrial average rose 0.1 per cent to 18,533.05. The Nasdaq composite rose 0.5 per cent to 5,055.78.




Benchmark US oil futures slipped. Crude fell 18 cents to $45.06 a barrel in electronic trading on the New York Mercantile Exchange. The contract lost 71 cents to settle at $45.24 per barrel on Monday. Brent fell 10 cents to $46.86 a barrel in London.

The dollar slipped to 105.82 yen from 106.22 yen in late trading Monday. The euro edged up to $1.1079 from $1.1070, according to a news agency report.

-SRS-
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