Asian shares faltered on Tuesday and the dollar hovered near two-week lows as prospects for a Sino-U.S. trade deal was dealt a blow after the United States charged Chinese telecom firm Huawei with bank fraud and for conspiring to steal trade secrets.
Overnight on Wall Street, the Dow and S&P 500 each closed down 0.8 percent and the Nasdaq was off more than 1 percent.
Sterling was undecided against the dollar ahead of voting in Britain’s parliament on Tuesday that aims to break the Brexit deadlock. It was last at $1.3145
Oil remained on a slippery slope with U.S. crude down 0.17 pct at $51.90 a barrel and Brent easing a shade to $59.90 a barrel.
Source : Reuters