Asian equities largely shed loss on Tuesday ahead of global central bank’s monetary tightening and gloomy economic rebound.
The CSI300 and HSI sharply inched down by 0.55% and 1.02% on close while SET, KOSPI and TOPIX marginally closed higher by 0.05%, 0.42% and 0.42% respectively.
U.S. futures Dow Jones, S&P 500 and Nasdaq are up by 0.13%, 0.08% and 0.07% respectively.
Crude oil futures are down sharply with WTI down by 1.99% to $89.51 per barrel while Brent is down by 2.16% to $90.72 per barrel.
Gasoline prices in the U.S. however saw further tightening with nation’s biggest refinery unexpectedly shut down along with other plants on the Gulf Coast. That could mean more pain at the pump for drivers, after the motor fuel rose to the highest in more than seven years last week.
