Asian stocks traded mixed Tuesday with little direction from a lacklustre US session. Treasuries held gains, while the dollar remained under pressure.
Shares fell in China and Hong Kong, fluctuated in Japan and ticked higher in South Korea as traders await the upcoming G-20 summit this weekend. Trade representatives from the US and China spoke by phone Monday as preparations for negotiations continued.
Earlier, the S&P 500 posted a modest loss as energy producers dropped in the wake of new US sanctions on Iran. West Texas oil futures pulled back after three days of gains. The 10-year Treasury yield held at 2.02% and the yen ticked higher.
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