Asian stocks retreat as AI earnings loom and geopolitical risks rise
Briefing by News4U · First published
Hong Kong and regional markets fell on Tuesday ahead of results from Meta, Tesla and chipmakers.
Asian stocks retreated broadly on Tuesday while oil rose as geopolitical risks rattled sentiment ahead of key results from AI bellwether companies, RTHK Finance reported. [1]
In Hong Kong, the Hang Seng Index opened down 196 points, or 0.81 percent, at 23,990; the tech index slipped 52 points, or nearly 1.3 percent, to 4,055. Mainland indices also edged lower. [1]
The dollar held firm against the euro as riots in France fuelled demand for safe-haven assets. Crude prices resumed their climb after an executive order from US President Donald Trump waived some sanctions and tariffs on Russian energy. [1]
Sources
- Tech caution holds HK, region back as key results loom
RTHK Finance · · Excerpt