MTS Help Center

· Asia shares sluggish after Wall Street's tech-inspired rally

Asian shares made cautious gains on Tuesday as the lift from Wall Street’s tech-fueled rally was checked by investors’ fresh concerns about Sino-U.S. tensions.

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.43%, edging closer to its pre-pandemic late January high, though European markets were set to open slightly down as EUROSTOXX 50 futures eased0.27% and FTSE futures fell 0.35%.

The Trump administration announced on Monday it would further tighten restrictions on China’s Huawei Technologies Co, aimed at cracking down on its access to commercially available chips, a move set to disrupt global supply chains.

However, sentiment was supported by the Nasdaq, which surged to a record high close on Monday and the S&P 500, which approached its own record level, both lifted by technology stocks.

· Nikkei dips as political uncertainties blunt risk appetite

Japan’s Nikkei share average dipped on Tuesday, slipping further away from a near-six-month peak touched last week, as political uncertainties around the world sapped investors’ risk appetite.

Nikkei share average lost 0.20% to 23,051.08, inching away from its Friday peak of 23,338, its highest level since late February. The broader Topix ended up 0.06% at 1,610.85.

The yen’s rise fuelled profit taking in a market saddled by its already high valuation, rising U.S.-China tensions and uncertainties over U.S. fiscal stimulus.

· China healthcare, consumer shares fuel strong rally

Shanghai stocks ended higher on Tuesday, extending a previous session’s rally, helped by strong gains in healthcare and consumer stocks.

At the close, the Shanghai Composite index was up 0.36% at 3,451.09, while the blue-chip CSI300 index slipped 0.05%.

· European markets retreat as U.S.-China tensions weigh

European stocks traded in the red Tuesday morning, as tensions between the world’s two largest economies put investors on edge.

The pan-European Stoxx 600 fell 0.7% in early deals, with banks and financial services dropping 1.1% to lead losses as all sectors and major bourses slid into negative territory.