Asian Equities Open Mixed

Asian indices opened mixed on Tuesday as cautious sentiment prevailed following a mixed finish on Wall Street due to lower energy prices and as Australian markets reacted to mixed corporate earnings.

Overnight, U.S. stocks pulled back from Friday’s records to close narrowly mixed on the back of weakness in oil prices and ahead of Federal Reserve Chair Janet Yellen’s testimony over the next two days. The Dow Jones Industrial Average and the S&P 500 settled slightly below the flatline, while the tech-heavy Nasdaq closed up 0.1 percent as Apple closed at another all-time high.  In Asia, China markets remained shut for the Chinese New Year holiday.

Australia’s S&P ASX 200 index inched down in early trade as the banking sector turned negative, but a surprisingly resilient energy sector helped to offset losses.


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