South Korea’s Kospi closed 0.35% lower at 3,232.70.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.58%.
On Tuesday, China kept unchanged its benchmark lending rate for corporate and household loans — the one-year Loan Prime Rate (LPR) held steady at 3.85% while the five-year LPR was also left at 4.65%. Majority of traders and analysts in a snap poll expected no change to both the one-year or five-year LPR, according to Reuters.
Markets in Indonesia, Malaysia and Singapore were closed on Tuesday for holidays.
· China shares edge down as key lending rate kept steady
China shares ended lower on Tuesday after Beijing kept a benchmark lending rate unchanged despite growing expectations for a cut, while investor concerns over developer Evergrande affected the property sector.
Mainland Chinese stocks closed mixed, with the Shanghai composite fractionally lower at 3,536.79 while the Shenzhen component advanced 0.123% to 15,011.35.
Hong Kong’s Hang Seng index fell about 0.7%, as of its final hour of trading.
· Japan's Nikkei ends at 6-month low amid rising COVID-19 cases
Japan’s Nikkei share average fell to a six-month low on Tuesday, tracking a broad sell-off on Wall Street as concerns grew that rising coronavirus cases globally could derail a nascent economic recovery.
The Nikkei share average fell 0.96% to close at 27,388.16, its lowest since Jan. 6. The broader Topix also lost 0.96% to 1,888.89. Both the indexes fell for a fifth straight session.
· European markets attempt to rebound after global retreat on Covid fears; UBS up 4%
European momentum reflects a rebound in U.S. sentiment overnight with U.S. stock futures up in early premarket trading.
· UBS books 63% profit surge for Q2 amid wealth management boom
· Dow futures jump more than 200 points after the Dow suffers worst day since October
Stock futures jumped in early morning trading on Tuesday after concerns about the spread of Covid-19′s delta variant sent investors dumping equities, especially those directly affected by pandemic restrictions.
Futures on the Dow Jones Industrial Average were up 263 points. S&P 500 futures and Nasdaq 100 futures both traded mildly higher.
Reference: CNBC, Reuters
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