Equties Steady amid China Liquidity Injection while Crude Oil Sees Profit Taking

Asian stocks were steady on Tuesday as traders weighs about geopolitical risks and tightening of policy about Federal Reserves and steps by China’s central bank to support growth.

Chinese authority injected a net about 100 billion yuan into the banking system with its medium-term lending facility.

The CSI300 and HSI is up by 0.76% and 0.03% respectively while KOSPI and TOPIX are marginally down by 0.23% and 0.26% respectively.

The S&P 500 went down for the third straight day on Monday while Nasdaq 100 closed with small gain.

The Russia-Ukraine tensions are still keeping oil markets on edge. West Texas Intermediate inched lower but remained around $95 a barrel while Brent trading around $96 per barrel.