{"id":107718,"date":"2021-02-23T01:29:04","date_gmt":"2021-02-23T01:29:04","guid":{"rendered":"https:\/\/fin2me.com\/?p=107718"},"modified":"2021-02-23T01:29:04","modified_gmt":"2021-02-23T01:29:04","slug":"asia-pacific-stocks-lower-as-investors-watch-tech-shares-hsbc-earnings-ahead","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/asia-pacific-stocks-lower-as-investors-watch-tech-shares-hsbc-earnings-ahead\/","title":{"rendered":"Asia-Pacific stocks lower as investors watch tech shares; HSBC earnings ahead"},"content":{"rendered":"<ul>\n<li>Technology shares in Asia-Pacific were watched by investors on Tuesday after their counterparts declined overnight on Wall Street.<\/li>\n<li>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.<\/li>\n<li>Markets in Japan are closed on Tuesday for a holiday.<\/li>\n<\/ul>\n<p>SINGAPORE \u2014 Shares in Asia-Pacific declined in Tuesday morning trade, as investors monitored technology stocks regionally after their counterparts declined overnight on Wall Street.<\/p>\n<p>South Korea&#x27;s Kospi declined 0.66% in early trade. Over in Australia, the S&amp;P\/ASX 200 shed 0.21%.<\/p>\n<p>MSCI&#x27;s broadest index of Asia-Pacific shares outside Japan traded 0.06% lower.<\/p>\n<p>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.<\/p>\n<p>Markets in Japan are closed on Tuesday for a holiday.<\/p>\n<table><\/table>\n<h2>Technology shares on watch<\/h2>\n<p>Technology shares in South Korea slipped in Tuesday morning trade, with LG Electronics falling more than 4% while Samsung Electronics declined about 1%.<\/p>\n<p>The moves came after tech shares stateside tumbled overnight \u2014 the Nasdaq Composite fell 2.46% to close at 13,533.05, with Big Tech stocks such as Apple, Amazon and Microsoft all falling at least 2%.<\/p>\n<p>The S&amp;P 500 declined 0.8% to end its trading day on Wall Street at 3,876.50. The Dow Jones Industrial Average bucked the overall trend as it edged 27.37 points higher to close at 31,521.69.<\/p>\n<h2>Currencies<\/h2>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/02\/23\/asia-stocks-technology-shares-japan-markets-closed-hsbc-earnings-currencies-oil.html\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Technology shares in Asia-Pacific were watched by investors on Tuesday after their counterparts declined overnight on Wall Street. On the earnings front, HSBC is set [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":107717,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asia-Pacific stocks lower as investors watch tech shares; HSBC earnings ahead - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/asia-pacific-stocks-lower-as-investors-watch-tech-shares-hsbc-earnings-ahead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asia-Pacific stocks lower as investors watch tech shares; HSBC earnings ahead - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Technology shares in Asia-Pacific were watched by investors on Tuesday after their counterparts declined overnight on Wall Street. 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