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US stocks may have pared sharp early losses on Wall Street, but the Dow just notched its longest losing streak since 2011.
The blue-chip average, which tracks 30 prominent American companies, fell 0.2 per cent on the day to 20,551. Over the eight-day decline, it is down by 1.9 per cent. The S&P 500 index, which is broader and more closely watched by professional investors, slipped 0.1 per cent on Monday to 2,341.6.
In Asia Pacific equities, futures tip Sydney’s S&P/ASX 200 index to rise 0.3 per cent at the open, while Tokyo’s Topix index is set to climb 0.8 per cent when trading starts and Hong Kong’s Hang Seng Index is expected to climb 0.3 per cent at the open.
Corporate earnings reports out today include China Jinmao Holdings Group, China Resources Gas, Cosco Ship Ports, Tianjin Port Development, China Foods, China LNG Group and Nitori.
The economic calendar for Tuesday isn’t trying to impress anyone (all times Hong Kong):
- 07.00: South Korea Q4 GDP (final)