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Asia stocks rally stalls as Wall Street loses steam, dollar sags

Reuters  |  TOKYO 

By Shinichi SaoshiroTOKYO (Reuters) - Asian stocks stalled on Tuesday, halting an earlier rally after Wall Street shares lost steam, while the dollar sagged on the back of declining U.S. yields.MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.05 percent. The index had surged 1.5 percent on Monday following firm U.S. jobs numbers, while low wage growth eased concerns about inflation and faster central bank rate hikes.But a mixed performance by U.S. shares overnight cooled investor risk appetite in Asia. The S&P 500 and the Dow slipped on Monday as the U.S. tariffs ...

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First Published: Tue, March 13 2018. 06:08 IST