SINGAPORE — Shares in Australia was little changed in Tuesday morning trade, with investors in Asia-Pacific set to monitor technology stocks regionally after their counterparts declined overnight on Wall Street.
In morning trade, the S&P/ASX 200 traded slightly higher.
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.
Investors will be watching technology shares in Asia-Pacific on Tuesday after their counterparts tumbled overnight — 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%.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.075 following a decline from levels above 90.4.
The Japanese yen traded at 104.99 per dollar, stronger than levels above 105.6 against the greenback seen yesterday. The Australian dollar changed hands at $0.7919, largely holding on to gains following its surge late last week from around $0.777.