Stocks in Asia were steady Tuesday as mounting signs of a sharp economic slowdown weighed on bond yields and commodity prices.
China’s central bank set its fixing for the yuan weaker on Tuesday, failing to show any overt pushback after the currency slid to a three-month low against the dollar the previous day.
Oil declined for a third day as a deepening global slowdown looked set to coincide with an increase in supply from OPEC producers.
The death of Indian billionaire Rakesh Jhunjhunwala puts a spotlight on the nearly $4 billion worth of stocks held by the famed investor, whose trades were closely scrutinized.
Gold steadied after the biggest drop in a month as investors flocked to the dollar amid growing signs of an economic slowdown.
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