TOKYO (Reuters) – Asian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a sharper downturn helped limit the losses.
FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China February 13, 2019. REUTERS/Stringer/File Photo
MSCI’s broadest index of Asia-Pacific shares outside Japan stood little changed.
The index had risen to its highest level since July 2018 the previous day after strong data from China eased investor concerns about the health of the global economy. Expectations that Chinese and U.S. trade negotiators would strike a deal soon also lifted confidence.
Japan’s Nikkei nudged up 0.25 percent.