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Stocks and futures dip on US fiscal-relief package timing; dollar up

A gauge of Asia-Pacific equities at one point slid the most in about two months, with shares in South Korea and China underperforming

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S&P 500 futures slipped as Senate Majority Leader Chuck Schumer said an aid package was unlikely before mid-March and a US health official expre­ssed concern about vaccination delays

Cormac Mullen | Bloomberg
Stocks fell along with US futures Tuesday as investors mulled a possible delay in the planned US fiscal- relief package against a backdrop of concern that some markets are overextended. The dollar advanced.

A gauge of Asia-Pacific equities at one point slid the most in about two months, with shares in South Korea and China underperforming. Tencent Holdings’ slump led Hong Kong stocks lower after the internet giant’s market value rose to the cusp of $1 trillion for the first time Monday. The People’s Bank of China unexpectedly withdrew funds from the financial system as an advisor discussed the risk of