Asian stocks are mostly lower, despite gains on Wall Street, as worries mount over escalations in the Russia-Ukraine war
Asian stocks were mostly lower on Tuesday, despite gains on Wall Street, as worries mounted over escalations in the Russia-Ukraine war.
U.S. futures edged higher while oil prices were little changed.
On Tuesday, Ukraine fired several American-supplied longer-range missiles into Russia, according to the official, marking the first such use in nearly 1,000 days of war. On the same day, Russian President Vladimir Putin formally lowered the threshold for Russia’s use of its nuclear weapons.
In Japan, the Nikkei 225 slipped 0.5% to 38,242.35 after the Finance Ministry reported the country recorded a trade deficit in October, for a fourth straight month. Exports rose 3.1% from a year earlier as a weak yen and the rising price of energy kept import costs high. A trade deficit occurs when the country is importing more goods and services than it is exporting.
China’s central bank announced it will keep its benchmark lending rates unchanged after it cut its one-year lending rate to 3.1% in October.
