Asia shares mostly sink

Asia shares mostly sink

On Tuesday, Asian stocks were mostly weaker, with Sydney rising moderately to buck the trend and traders looking to Tokyo for the final word on Toshiba.

The Shanghai Composite dipped 0.46%, the Hang Seng Index edged down 0.81%. Japan's Nikkei 225 headed south 0.55%.

As the Wall Street Journal informed, Foxconn offered $27 billion for Toshiba's memory chip unit. The previous month Toshiba put its NAND flash memory unit up for sale in an attempt to offset billions of losses from its American nuclear energy unit Westinghouse.

South Korea's Kospi lost 0.58%. Worries over geopolitical tensions keep building on the Korean Peninsula after America deployed a carrier strike group closer to the region. Joint Amerian-Korea military drills will last till the end of the month.

Australia's S&P/ASX 200 grew 0.08%.

The Dow Jones Industrial Average concluded 0.01%, hitting 20,658. The S&P 500 soared 0.07%, the Nasdaq Composite gained 0.05%, reaching 5880.93.

 

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