HONG KONG (MarketWatch) — Chinese stocks retreated Tuesday on lingering worries
about an economic slowdown, but Japanese shares resumed their advance after a
three-day weekend, helped by a weakened yen and another record finish for key
U.S. indexes overnight.
Japanese stocks jump early after a three-day weekend, as
the Nikkei rises 0.8%. Meanwhile, South Korean and
Chinese shares trade fractionally lower and Australian equities rise modestly
after RBA minutes indicate the central bank believes the inflation
outlook "could still provide some scope for further easing" if necessary,
although "lags" in the monetary policy transmission channel may make a
wait-and-see approach appropriate for the time being. The aussie (FXA) is at $0.9158 at last check
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