Asia stocks edge down

Asia stocks edge down

On Tuesday, Asian stocks drifted away, and the greenback gave up the profits it had clocked on the American Treasury Secretary's recent comments in support of a stronger currency because surging tensions over North Korea dragged market sentiment lower.

Outside Japan MSCI's broadest index of Asia-Pacific stocks sank 0.6%.

Japan's Nikkei N225 inched up 0.2%, shrinking earlier revenues as the Japanese yen's losses evaporated.

This week Australian stocks tumbled 1% on their first trading day, after minutes of the major bank's April gathering disclosed the balancing act it had just to perform between a subdued labor market as well as escalating household debt in holding rates intact.

The Australian dollar went down 0.3%, hitting $0.7566.

South Korea's KOSPI lost 0.2% after in Seoul American Vice President Mike Pence told business leaders that President Donald Trump's administration is going to review and also reform the five-year-old free trade agreement between the two countries.

China's CSI300 index generally traded lower, Hong Kong's Hang Seng tumbled 0.9%.

 

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