Asian equities are sluggish after Wall Street dives

Asian equities are sluggish after Wall Street dives

On Tuesday, Asian equities were generally sluggish following weakness on Wall Street. Meanwhile, the evergreen buck went down reacting to news that investigators probing Russian hypothetical interference in the 2016 American election had dared to have Donald Trump's ex-campaign manager charged.

Data disclosing a steeper-than-anticipated slowdown in China's October factory surge also affected regional investors' appetite for risky assets.

Beijing's fierce war on winter air pollution is making many northern smelters, steel mills and factories reduce their output, thus contributing to uncertainty amid early indications of a slowdown in the world's number two economy.

Shanghai shares SSEC went down 0.3%, Hong Kong's Hang Seng index lost 0.35%.

MSCI's index of Asia-Pacific equities gained 0.2%.

Japan's Nikkei N225 went down 0.3%, Australian stocks didn’t change and South Korea's KOSPI managed to gain 0.3%.

On Monday, Wall Street retreated from record maximums, suppressed by a sag in drugmaker Merck as well as a report that American lawmakers are considering a gradual phase-in corporate tax cuts rather than diminishing it all at once.

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