Indian markets opened slightly down with negative note on Tuesday.
Hong Kong stocks lost 225.47 points, or 0.80 percent, to close Tuesday’s morning session at 28,106.22 points.
Asian stocks fell to their lowest levels in two and a half weeks on Tuesday as hopes dwindled for a hefty interest rate cut by the U.S. Federal Reserve at the end of the month, while technology companies were pulled lower by Apple Inc’s overnight slump.
China’s major stock indices ended lower in the morning session Tuesday, with the benchmark Shanghai Composite Index down 0.57 percent at 2,916.78 points.
The ChiNext Index, tracking China’s NASDAQ-style board of growth enterprises, was down 0.05 percent to 1,505.91 points at the end of the morning session Tuesday.
A slowdown in economic growth amid the trade dispute between the world’s biggest economies has put Indian corporate earnings at risk, analysts say.
The S&P 500’s P/E is well above its long-term average. Data suggest stocks may be overvalued, even with today’s low interest rates.
The ChiNext Index, China’s NASDAQ-style board of growth enterprises, was up 0.05 percent to open at 1,507.39 points on Tuesday.
Chinese stocks opened lower on Tuesday, with the benchmark Shanghai Composite Index down 0.15 percent to open at 2,928.82 points.
Hong Kong stocks lost 31.96 points, or 0.11 percent, to open at 28,299.73 points on Tuesday.