Asian Stocks Down as Investors Assess Uncertain Global Economic Outlook By Investing.com

Investing.com – Asia Pacific stocks were mostly down on Tuesday morning, with investors assessing the uncertain global economic outlook and monetary policies.

Japan’s fell 0.51% by 10:37 PM ET (2:37 AM GMT), while South Korea’s fell 0.81%.

In Australia, the inched up 0.05%.

China’s inched down 0.19% while the was down 0.47%. To offset the heavy impact of COVID-19-related lockdowns on businesses, China will offer more than 140 billion yuan ($21 billion) in additional tax relief, the State of Council decided in a Monday meeting.