SGX Nifty 10344 -174 points
Stocks Pare Losses in Asia; India Futures Slide:
U.S. equities came off lows on Facebook, Microsoft rallies
British pound slumped after May deferred crucial Brexit voteAsian stocks pared losses Tuesday after further discussions on trade between the U.S. and China. India’s stock futures tumbled after the surprise resignation of its central bank governor.
Benchmarks fell in Japan, fluctuated in South Korea and Hong Kong, and ticked higher in China. Shares climbed from intraday lows after a statement saying Chinese Vice Premier Liu He discussed the timetable for trade talks with U.S. Treasury Secretary Steven Mnuchin by phone. U.S. futures pared losses. Earlier, the S&P 500 Index recovered from the lowest intraday level since April to finish higher. The dollar drifted and Treasuries were little changed. The pound stayed lower after a slump in the wake of U.K. Prime Minister Theresa May delaying a critical vote on Brexit.
- The European Central Bank is set to cap asset purchases at its final policy meeting of 2018 on Thursday.
- China industrial production, retail sales data for November is due Friday
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