Shanghai, Hong Kong and Seoul advanced while Tokyo declined. Oil prices rose more than US$1 per barrel to stay above $110.
Investors are on edge about the impact of interest rate hikes in the United States and other Western economies to cool surging inflation, as well as Russia's war on Ukraine and a Chinese economic slowdown. On Wall Street, the S&P 500 on Tuesday fell to 3,941.48. The Dow Jones Industrial Average gained 0.2% to 31,928.62.
The Nasdaq composite, dominated by tech stocks, slide 2.3% to 11,264.45 after the social media selloff. Snap plummeted 43.1%, its biggest single-day drop ever. Facebook parent Meta slumped 7.6%. Google's parent fell 5.1%.
Source: Financial Digest (financialdigest.net)
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