Asian shares sank on Tuesday after a lackluster day on Wall Street as investors wait to see if Congress can break a logjam on delivering more aid to people, businesses and local governments affected by the coronavirus pandemic.
(AP Photo/Lee Jin-man)Asian shares sank on Tuesday after a lackluster day on Wall Street as investors wait to see if Congress can break a logjam on delivering more aid to people, businesses and local governments affected by the coronavirus pandemic.
Hong Kong's Hang Seng lost 0.5% to 26,252.50 and the Nikkei 225 in Tokyo gave up 0.3% to 26,648.83.
Smaller companies held up better than their larger rivals, as the Russell 2000 index gained 2.16 points, or 0.1%, to 1,913.86.
“Again, it feels like we are stuck in the negative feedback loop," Stephen Innes of Axi said in a commentary.