• Asian stocks rebounded on Tuesday despite a further slide in U.S. tech shares, while the Canadian dollar soared on the possibility interest rates might go up sooner than expected.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.5 percent, recouping about half of the previous session's losses as regional tech shares regained their composure.
• Japan's Nikkei share average trimmed a bulk of its earlier losses and steadied on Tuesday, as the impact from a slide in U.S. technology shares eased.
The Nikkei inched down 0.05 percent to 19,898.75.
• Strong gains in small-cap shares led China stocks higher on Tuesday, but trading was thin as investors remained cautious ahead of a likely U.S. interest rate hike this week.
The blue-chip CSI300 index rose 0.2 percent, to 3,582.27 points, while the Shanghai Composite Index gained 0.4 percent to 3,153.74 points
• Hong Kong stocks followed most Asian markets higher on Tuesday, recovering some of the previous session's losses, as investors shrugged off a further slide in U.S. tech shares.
The Hang Seng index, which tumbled 1.2 percent on Monday, rose 0.6 percent, to 25,852.10, while the China Enterprises Index gained 0.4 percent, to 10,525.74 points.
• Goldman Sachs believes the rare combination of conditions supporting this bull market, especially the run in technology stocks, is about to end.
Goldman believes there are two possible endings to this tale and they both aren't great for stocks. Either the stronger growth causes the Federal Reserve to tighten more aggressively, reducing equity valuations or the current low-rate environment is "proven correct" and the pace of economic growth experiences a "significant slowdown."
Reference: Reuters,CNBC
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