Asian Equities Expected Lower after Poor U.S. Lead

Asian stocks could see a flat-to-lower open on Tuesday, following a weak lead from Wall Street amid concerns over Greece.  Australia’s S&P ASX 200 index inched down 0.1 percent in early trade amid a pullback in the big four lenders. National Australia Bank opened down 1.1 percent, while Westpac, Commonwealth Bank of Australia and ANZ Banking shed between 0.8 to 0.3 percent.

Earnings season kicks off in Sydney this week; Mining company Bradken slumped nearly 20 percent after reporting a steep first half loss. Biotech firm Cochlear tanked over 1 percent despite seeing its first half net profit more than tripled.

Japan’s Nikkei 225 index is set to open lower. Chicago futures traded at 17,610, while those in Osaka eased 0.3 percent to 17,640, below the benchmark index’s previous close of 17,711.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.