Overnight, the Dow Jones added 0.2 per cent, while Nasdaq and the S&P 500 index slipped 0.3 per cent and 0.5 per cent, respectively. Tech shares, hurt by rising Treasury yields, weighed on equities.
In Asia, the stocks were mostly down on Tuesday with investors digesting soaring U.S. Treasury yields alongside an oil rally that triggered inflationary concerns. Japan’s Nikkei 225 was down 0.68 per cent and South Korea’s KOSPI fell 0.82 per cent. In Australia, the ASX 200 fell 0.87 per cent while Hong Kong’s Hang Seng Index gained 0.60 per cent. China’s Shanghai Composite inched down 0.11 per cent.