MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.13% lower on Tuesday, following a mixed session on Wall Street
In early trade Tuesday, Australia's benchmark S&P/ASX200 index (.AXJO) was down nearly 1%, while Japan's Nikkei (.N225) was off 0.6%.
China's blue chip index CSI300 (.CSI300) edged up 0.1% at the open, as Hong Kong's Hang Seng Index (.HSI) gained 0.44%.
The future of Evergrande, the world's most indebted property developer, is being forensically scrutinised by investors after the company last Friday did not meet a deadline to make an interest payment to offshore bond holders. read more
Evergrande has 30 days to make the payment before it falls into default and Shenzen authorities are now investigating the company's wealth management unit.
Without making reference to Evergrande, the People's Bank of China (PBOC) said Monday in a statement posted to its website that it would "safeguard the legitimate rights of housing consumers".
Widening power shortages in China, meanwhile, halted production at a number of factories including suppliers to Apple Inc (AAPL.O) and Tesla Inc (TSLA.O) and are expected to hit the country's manufacturing sector and associated supply chains.
Analysts cautioned the ongoing blackouts could affect the country's listed industrial stocks.
U.S. investors are looking ahead to speeches later this week from several senior Fed officials, as well as keeping an eye on any developments at China Evergrande, broker Ord Minnett said in a note.
· Nintendo says 'Donkey Kong' area to open in Universal Studios Japan in 2024
Japan's Nintendo Co Ltd (7974.T) said on Tuesday that a "Donkey Kong" themed expansion to its "Super Nintendo World" in the Universal Studios Japan theme park in Osaka will open in 2024.
· European markets pull back, with tech stocks leading losses
European markets also continued to digest the fallout of the German election on Tuesday after the vote on Sunday resulted in more uncertainty for the country.
On the data front, German consumer morale for October has brightened unexpectedly, according to the GfK institute’s consumer sentiment index, published Tuesday. The survey of around 2,000 Germans climbed to 0.3 points from a revised -1.1 points for September, outstripping a Reuters forecast for -1.6.
Other events in focus include ECB President Christine Lagarde’s speech at the ECB Forum on Central Banking at 1 p.m. London time and OPEC’s World Oil Outlook which is due Tuesday early afternoon.
· Stock futures are muted as investors gauge a spike in bond yields
U.S. stock futures were muted in early morning trading Tuesday following a rise in bond yields the previous day that pressured growth pockets in the market.
Dow Jones Industrial Average futures rose just 30 points. S&P 500 futures were little changed, and Nasdaq 100 futures sat in negative territory.
Reference: Reuters, CNBC
Thai
Eng