Asian shares slumped on Tuesday, as miners were pressured by weaker Chinese iron ore prices, while the euro stood near a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trade. US markets were closed for a public holiday on Monday.
Japan’s Nikkei stock index was slightly higher in early trading, but momentum was heavy with exporters struggling to shake off the effect of a stronger yen.
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