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• Asian stocks slipped on Tuesday, their recent recovery stalling after European equities broke a winning streak, while the dollar edged further away from three-year lows.

MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.25 percent. Australian stocks were little changed, South Korea’s KOSPI lost 1.2 percent and Hong Kong’s Hang Seng dropped 0.4 percent.

• The Nikkei dropped 1.4 percent to 21,831.66 in midmorning trade, after rising 2 percent on Monday.

Japan’s Nikkei share average dropped on Tuesday morning as investors wasted no time to lock in profits from the previous day’s rally, while such financial shares as banks and insurers underperformed.

• The Hang Seng index is now down 0.44% on the day, as HSBC accounts for a weightage of over 10% of the index - which is only usurped by Tencent Holdings.

• European stocks opened mixed Tuesday morning, as investors monitored the release of the latest batch of corporate earnings. The pan-European Stoxx 600 was little changed from the previous session shortly after the opening bell with sectors and major bourses pointing in opposite directions.

• On the corporate front, HSBC reported worse-than-anticipated earnings on Tuesday as Europe's biggest lender took a write-down following U.S. tax changes. Nonetheless, the bank reported pre-tax profits that more than doubled from last year due to the absence of hefty restructuring costs incurred in 2016.

• Hong Kong’s Hang Seng Bank, a subsidiary of HSBC, reported a 23 per cent rise in net profit for 2017 to HK$20.02 billion (US$2.6 billion), beating expectations and helped by higher interest income and fee income from stockbroking and fund sales as well as lower bad debts.