Most Asian stocks fell on Tuesday as investors awaited more information on central bank interest rate hikes. The US dollar and oil remained steady. The MSCI Asia-Pacific index was down 0.1%, Japan’s Nikkei share average fell 1.1%, and China’s mainland benchmark and Hong Kong’s Hang Seng Index both declined by 0.2%. Wall Street stocks and Treasury yields were slightly up on Monday’s shortened session. Economic data and uncertainty about the Federal Reserve’s policy path are being closely monitored.
