Asian Equities Lower After U.S. Lead

Asian stock markets drifted lower Tuesday after U.S. indexes pulled back from record highs and investors awaited fresh data from China.  Japan’s Nikkei 225 index tracked Wall Street’s declines, slipping 0.2 percent to 15,351.25 despite fresh data showing the current account surplus was larger than expected in May.

South Korea’s Kospi fell 0.1 percent to 2,003.21 after Samsung announced its operating profit fell 24 percent from a year earlier in the April-June quarter due to the strong won and slowing smartphone sales in China.

Hong Kong’s Hang Seng fell 0.2 percent to 23,509.77. Elsewhere in Asia, shares were lower in Shanghai, Australia, New Zealand, Singapore and Taiwan but rose in Indonesia and Malaysia.

Bloomberg

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