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Asian stocks mostly dip

On Tuesday, Asian stocks were mostly weaker, with Tokyo down after mixed data on household spending as well as retail sales.

The Nikkei 225 sank 0.30%, with Japanese stocks weighed by a slightly stronger yen, which traded at 112.00 against the greenback on Tuesday morning in Asia, surging from levels near 113.00 in the previous week.

In Japan, household spending for October sank 1% month-on-month, compared to a 0.1% profit observed and at a minus 0.4% pace year-on-year, compared to a 0.6% sink expected for the eighth straight dip. October’s unemployment clocked in at 3%, while retail sales tacked on 0.1%, compared to a 1.2% dive observed year-on-year.

The Shanghai Composite Index leapt 0.32%, while Hong Kong's Hang Seng Index dipped slightly by 0.04%, reaching 22,827.73.

Overnight, American shares were lower after the close, as losses in the Oil & Gas, Financials as well as Healthcare sectors brought stocks down.

At the close in NYSE, the Dow Jones Industrial Average edged down 0.28%, the S&P 500 index dived 0.53%, the NASDAQ Composite index sagged 0.56%.


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