Asian shares defy Wall St. gains as China rally cools

HONG KONG/NEW YORK: Asian shares slipped on Tuesday, brushing off a firmer Wall Street lead as China's post-holiday rally cooled, although a buoyant tech sector and fresh optimism about U.S. stimulus are expected to continue to support sentiment.

"On the other hand, if Trump is elected, China will promote demand in terms of consumer spending in order to increase their dominance over the world." Investors now await U.S. bank results with JPMorgan and Citigroup kicking off third-quarter earnings season on Tuesday. Goldman Sachs , Bank of America and Wells Fargo and Morgan Stanley report later in the week.

Beijing's tensions with Washington are also in view after the White House moved forward with three sales of advanced weaponry to Taiwan, sources familiar with the situation said on Monday.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Commentary: Why China is throwing wide open doors to Wall StreetChinese financiers can gain from greater exposure to western counterparts and the economy can benefit from the access to capital they bring, says ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asian stocks set to rise as tech, stimulus hopes fuel global rallyAsian stocks were set to rise on Tuesday as a renewed tech rally and fresh optimism that Washington would deliver a coronavirus relief package ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »