Asian markets opened lower on Tuesday, taking cues from a soft finish in U.S. stocks, as investors await further cues from the U.S. Federal Reserve.
Japanese stocks came under pressure on the back of fresh strength in the yen against the dollar, with the benchmark Nikkei 225 down 0.77 percent in early trade. Across the Korean Strait, the Kospi was off by 0.33 percent.
The Dow Jones Industrial Average lost eight points on Monday as investors weighed statements on the timing of the next interest rate hike by the U.S. Federal Reserve. A potential megamerger renewed optimism for deals as companies continue to hunt for market share.
Dow Jones: 17,492.93; -8.01; -0.05%
S&P 500: 2,048.04; -4.28; -0.21%
Nasdaq: 4,765.78; -3.78; -0.08%
Reference: CNBC, Reuters, Money Morning
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