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5/30, 7:24 AM (Source: TeleTrader)
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Asia-Pacific mostly down on economic jitters

Stock equities across the Asia-Pacific region were lower on Tuesday as economic uncertainty seemingly shook investors' confidence. Namely, traders have their attention locked on the debt ceiling vote, which is expected to see United States President Joe Biden and House Speaker Kevin McCarthy attempt to sell their agreement to lawmakers this week in order to avoid a national debt default before June 5.

Meanwhile, unemployment rate in Japan declined for the first time in three months.

Japan's Nikkei rose 0.35% at 7:19 am CET. Hong Kong's Hang Seng lost 0.82%, while South Korea's Kospi was up 1.01%. Australian S&P/ASX 200 was down by 0.11%. The Shanghai Composite Index dropped 0.95% and the Shenzhen Composite Index fell 0.96% a minute later.

The dollar stood flat against the Japanese yen, to sell at ¥140.42400 at 7:23 am CET.

Baha Breaking News (BBN) / AB