Japan +0.12%.
China Market closed.
Hong Kong -0.08%.
Australia -0.92%. Australian consumer inflation expectations fall to their lowest since start of the year.
RBA surprises with 25 bps rate hike; cash rate raised to 3.85%.
India +0.50%.
Overnight in the U.S., stocks ended lower as JPMorgan Chase took over First Republic Bank after the biggest bank failure in the nation since 2008. The deal came at a crucial week for Wall Street ahead of the Federal Reserve’s key rate decision meeting. The Dow Jones dropped 46.46 points to close at 34,051.70 and the Nasdaq slipped 13.99 points to end at 12,212.60. The S&P 500 finished at 4,167.87, dipping 1.61 points.
South Korea inflation data for April, slowest y/y rise since February 2022.
Oil prices fell in thin early Asian trade on Tuesday as the market digests weak economic data from China and expectations of another U.S. interest rate hike.
Brent crude fell by 2 cents to $79.29 a barrel by 0021 GMT, while U.S. West Texas Intermediate (WTI) crude fell 2 cents to $75.64. Both benchmarks fell by more than $1 last session.
Gold prices were flat on Tuesday, as cautious market participants awaited fresh cues from top central banks on their monetary policy plans, especially from the U.S. Federal Reserve.
Spot gold was unchanged at $1,982.69 per ounce by 0248 GMT. U.S. gold futures fell 0.1% to $1,991.00.
Spot silver fell 0.4 % at $24.87 per ounce.
“We are bullish on silver as industrial demand for it is going to be high in 2023. Prices could hit $32 this year,” Kedia added.
Platinum lost 0.2% to $1,047.94 while palladium edged 0.7% higher to $1,460.78.
US futures higher. Dow Jones +0.02%; S&P 500 +0.04%; Nasdaq +0.12%.