Asian equities opened mixed on Tuesday after U.S. stocks ended mostly lower overnight. Trading volumes are expected to remain light with markets in South Korea and Hong Kong shut for the Mid-Autumn Festival. Wall Street closed mixed on Monday with energy producers leading losses on oil’s drop to a multi-month low.
The S&P 500 declined 0.3 percent as investors questioned whether the index had run its course after posting five straight weeks of gains and touching a fresh record high last week. The Dow Jones Industrial Average shed 0.2 percent and the tech-heavy Nasdaq rose 0.2 percent.
In Europe, the European Union formally adopted a package of new sanctions against Russia on late Monday, but said their entry into force would be delayed to leave time to assess whether a cease-fire in Ukraine is holding.