SINGAPORE — Shares in Asia-Pacific declined in Tuesday morning trade, as investors monitored technology stocks regionally after their counterparts declined overnight on Wall Street.
South Korea’s Kospi declined 0.66% in early trade. Over in Australia, the S&P/ASX 200 shed 0.21%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.06% lower.
On the earnings front, HSBC is set to report its full-year results on Tuesday. Reuters reported Monday, citing a source familiar with the matter, that HSBC is set to withdraw from U.S. retail banking.
Markets in Japan are closed on Tuesday for a holiday.
Technology shares in South Korea slipped in Tuesday morning trade, with LG Electronics falling more than 4% while Samsung Electronics declined about 1%.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.01 following a decline from levels above 90.4.
The Japanese yen traded at 104.98 per dollar, stronger than levels above 105.6 against the greenback seen yesterday. The Australian dollar changed hands at $0.7915, largely holding on to gains following its surge late last week from around $0.777.