Shares in Asia down in cautious trade as U.S. returns from long weekend

Commodities & Futures

Investing.com – Asian shares eased on Tuesday with China and Hong Kong shut for holidays and investors on the sidelines ahead of the open of the U.S. after a long-holiday weekend.

225 shed 0.47% though Toshiba shares were marginally higher, edging higher by 0.08%% following news that Western Digital (NASDAQ:) could join a consortium involving a Japanese state-backed fund and KKR & Co.

Japan reported household spending figures for April rose 0.5%, compared with a 1.1% gain seen and down 1.4%, compared with a 0.7% decline seen . As well, jobs data showed steady at 2.8% and rose a more than expected 3.2%.

In Australia, the declined 0.29%. In Australia, jumped 4.4%, well above the 3.0% month-on-month gain expected for April. South Korea’s benchmark Kospi index reversed early gains to fall 0.58% after markeing seven straight closing gains.

U.S., U.K. and China markets were shut on Monday.

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