Asian Markets: Stocks, Earning Currencies, Oil

SINGAPORE — Stocks in the Asia-Pacific region fell for the most part on Tuesday as investors weigh economic concerns.

Hong Kong’s Hang Seng Index fell 0.86% in early trading, while the Hang Seng Tech Index fell 2.26%.

Mainland Chinese markets fell. The Shanghai Composite lost 0.33% and the Shenzhen Component fell 0.41%.

Technology investor Prosus NV will sell part of its stake in Tencent to fund a share buyback of itself and parent company Naspers, the Dutch company said Monday. Hang Seng heavyweight Tencent fell 5.18%.

Japan’s Nikkei 225 gave up gains and was nearly flat, while the Topix rose 0.25%.

In South Korea, the Kospi was just below the flatline after rising earlier in the session, while the Kosdaq fell 0.78%.

MSCI’s broadest index of stocks in Asia-Pacific fell 0.64%

The Australian S&P/ASX 200 was up 0.29%.

There is a clear lack of conviction among light trading volume investors who favor the idea of ​​an exhausted market.

Rodrigo Catril

Currency Strategist, National Australia Bank

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In the US, major indices fell overnight after rallying sharply on Friday.

The Dow Jones Industrial Average fell 62.42 points, or 0.2%, to 31,438.26. The S&P 500 fell 0.3% to 3,900.11 and the Nasdaq Composite fell 0.7% to 11,524.55.

“There is a clear lack of conviction among light trading volume investors who favor the idea of ​​a depleted market, with major declines to be recorded this quarter, despite the excessive gains posted last week,” said Rodrigo Catril, currency strategist at National Australia. Bank, wrote in a note on Tuesday.

Currencies and Oil