WASHINGTON/HONG KONG: Asian stocks came under pressure on Tuesday as investors struggled to balance hopes for more economic stimulus and vaccines with fresh concerns about a surge in COVID-19 infections.
The S&P/ASX 200 index rose 0.2% to 6,687.7, adding about 3% in the past six sessions.
Some investors are watching whether U.S. policymakers can reinvigorate efforts to pass additional pandemic stimulus.
The dollar slid against most currencies as investors eyed potential stimulus and vaccine development.
Prices came under pressure after Reuters reported the United States was prepping sanctions on at least a dozen Chinese officials over alleged roles in Beijing’s disqualification of elected opposition legislators in Hong Kong.