Asian shares struggled on Tuesday, pressured by a dip on Wall Street and caution ahead of major economic decisions. Hong Kong’s HSI fell 1.1% to 25,481, losing 284 points. Nikkei also traded at 50,550, down 0.06% or 31 points. Shanghai and Shenzhen joined the downward rally, falling 0.27% and 0.37% respectively at 11:20 AM IST. Sentiment toward China was subdued as investors awaited signals from the Central Economic Work Conference, the annual meeting of the Communist Party leadership that maps out the country’s economic priorities. In the United States, futures pointed slightly higher after a weak finish on Monday. The S&P 500 fell 0.3% to 6,846.51, only the second decline in eleven sessions and still within 0.6 percent of the record peak in October. The Dow Jones Industrial Average fell 0.4% to 47,739.32 and the Nasdaq composite was marginally lower at 23,545.90. The technology sector was in the spotlight after Nvidia rebounded in extended trading. Shares rose 2.3% after President Donald Trump said he will allow sales of the company’s H200 chip, used in developing artificial intelligence, to “approved customers” in China. Trump said on his social media platform on Monday that he had informed Chinese leader Xi Jinping of the decision and that “President Xi responded positively!” Nvidia had already gained 1.7% during the regular session. Markets also looked ahead to Wednesday’s Federal Reserve meeting, where the US central bank is widely expected to cut interest rates in response to weakening employment indicators. Investors are mainly focused on the extent to which policymakers will advise on interest rate movements for 2026, a year in which expectations remain sharply divided. Inflation remains above the Fed’s 2% target and officials are divided over whether price pressures or labor market risks are the bigger threat. Commodity and currency movements remained subdued early Tuesday. U.S. benchmark crude fell 18 cents to $58.70 a barrel and Brent fell 13 cents to $62.36. The dollar strengthened slightly from 155.92 yen to 155.96 yen and the euro rose from $1.1638 to $1.1646.
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