On Tuesday, Asian stocks opened on a negative note following declines on Wall Street. The early trade saw Japan’s Nikkei 225 index down by 0.59%, or 213.31 points, at 36,140.85, while the broader Topix index slipped 0.65%, or 16.55 points, to 2,540.16. In South Korea, the KOSPI dropped 0.85%, or 22.15 points, to 2,569.16, and Australia’s S&P/ASX 200 fell 0.72%, or 54.60 points, to 7,571.30.
The previous day, Wall Street’s main indexes closed lower as Federal Reserve Chair Jerome Powell rejected speculations of imminent rate cuts. Investors also assessed a mixed bag of U.S. earnings reports, leading to a 0.71% drop in the Dow Jones Industrial Average (274.30 points, closing at 38,380.12), a 0.32% decline in the S&P 500 (15.80 points, closing at 4,942.81), and a 0.20% decrease in the Nasdaq Composite (31.28 points, closing at 15,597.68).
