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Asia stocks step back on tepid Wall Street, oil elevated

Reuters  |  TOKYO 

By Shinichi SaoshiroTOKYO (Reuters) - Asia stocks pulled back on Tuesday, after an uninspiring performance on Wall Street eclipsed support from U.S.-China trade optimism, while supply concerns kept crude oil prices near 3-1/2-year highs.MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.16 percent after rising 0.6 percent the previous day to its highest since late March.Australian stocks inched up 0.05 percent, South Korea's KOSPI shed 0.05 percent and Japan's Nikkei was flat.Wall Street scraped out gains on Monday after weakness in defensive stocks offset optimism ...

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First Published: Tue, May 15 2018. 06:06 IST