Asia-Pacific shares decline; investors await HSBC earnings ahead
Stocks in Asia-Pacific slipped in Tuesday morning trade following an overnight tumble on Wall Street.
In Japan, the Nikkei 225 shed 0.88% in early trade while the Topix index fell 1.21%.
South Korea’s Kospi dipped 0.5%. South Korea’s real gross domestic product grew 1.9% in the third quarter as as compared to the previous quarter, according to an advance estimate released Tuesday by the Bank of Korea.
Meanwhile, stocks in Australia dropped, with the S&P/ASX 200 down around 1.3%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.28% lower.
Looking ahead, China’s industrial profits for September are set to be out at around 9:30 a.m. HK/SIN on Tuesday.
On the earnings front, HSBC is set to announce its results for the third quarter on Tuesday.
Reference: CNBC
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