Asian markets trade in negative territory on Tuesday

The pound climbed to near four-week highs after media report stated that the UK Prime Minister Theresa May could seek to delay a Brexit deadline.

Feb 26, 2019 03:02 IST India Infoline News Service

Asian stock markets slipped in the morning trade on Tuesday as investors sought clarity on the US-China trade front after earlier cheering the postponement of a closely watched deadline in early March.

The pound climbed to near four-week highs after media report stated that the UK Prime Minister Theresa May could seek to delay a Brexit deadline.

Meanwhile, US President Donald Trump said on Sunday he would delay a tariff hike on $200bn of Chinese imports in the clearest signs yet that both sides were making progress in the talks, but he also sounded a note of caution, saying a deal "could happen fairly soon, or it might not happen at all."

The Shanghai composite slipped around 0.42%, Hang Seng index fell 0.53%, Nikkei 225 were down 0.02%, while the Topix declined and the Kospi fell 0.29%.

The Dow Jones Industrial Average rose 60 points to close at 26,092, the S&P 500 added 0.1% up at 2,796 and Nasdaq Composite rose 0.36% to close at 7,554.


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