- As mounting evidence of a sharp economic slowdown weighed on bond yields and commodity prices, Asian stocks remained steady.
- The MSCI Asia-Pacific Share Index was little changed, with small gains in China and Hong Kong and mixed results in Japan. Us contracts wavered after tech firms such as Tesla Inc. aided the S&P500 to close up.
- On Monday, US data showed rapidly cooling manufacturing and falling homebuilder sentiment, adding to economic risks following weak Chinese figures. Demand for safe-haven assets aided treasuries in holding onto their gains from the Wall Street session and fueled purchases of Australian and New Zealand debt.
- Oil fell below $89 per barrel on concerns about demand and the possible return of Iranian supplies. The dollar index was stable.