Nikkei pulls back from 3-month high as Asian markets dip

Asian markets largely fell in early trading Tuesday, despite gains on Wall Street and signs of easing trade tensions between the U.S. and China.

Japan��s Nikkei NIK, -0.01% � was down slightly, after hitting a 3陆-month high in Monday trading. Miners, banks and insurance companies led the losses in Tokyo, with Mitsubishi UFJ Financial Group Inc. 8306, -0.57% � and MS&AD Insurance Group Holdings Inc. 8725, -2.66% � in the red.

Sony Corp. 6758, -0.87% � shares dropped after the company announced it would buy Mubadala Investment Co.��s stake in EMI Music Publishing for about $2.3 billion.

The yen gained slightly against the dollar JPYUSD, +0.174997% �, last at 楼110.90, versus 楼111.05 in late New York trade.

Bank of Japan Gov. Haruhiko Kuroda told parliament Tuesday that the central bank would take the side effects of stimulus into consideration as it weighed its monetary policy. ��We will patiently pursue powerful monetary easing to achieve 2% inflation,�� Kuroda said, according to Reuters. ��We will guide monetary policy taking into account its side effects such as its impact on financial institutions, particularly regional banks.��

Elsewhere, Singapore��s Straits Times Index STI, +0.08% � made slight gains, while markets in Shanghai SHCOMP, -0.40% � and Shenzhen 399106, -0.10% � dipped. Australia��s S&P/ASX 200 XJO, -0.81% � dropped for the fourth straight day, with hospital operator Healthscope Ltd. HSO, -3.46% �down more than 4% as it attempted to fend off a pair of buyout bids.

Stock markets in South Korea and Hong Kong were closed for holidays.

Related Topics Asia Markets China Japan Australia Singapore Foreign Investment Quote References NIK -1.65 -0.01% 8306 -4.10 -0.57% 8725 -99.00 -2.66% 6758 -47.00 -0.87% JPYUSD +0.000016 +0.174997% STI +2.70 +0.08% SHCOMP -12.73 -0.40% 399106 -1.77 -0.10% XJO -49.20 -0.81% HSO -0.08 -3.46% Show all references MarketWatch Partner Center Most Popular Ask yourself this simple but critical question before you buy into this stock market All the ways you can mess up your 401(k) �� even if you max out your contributions Dow jumps nearly 300 points, retakes 25,000 as U.S.-China trade tensions recede Trump Today: President meets with deputy AG, FBI director after demand to investigate campaign surveillance John Grisham: 'Day of reckoning' coming for student debt We Want to Hear from You

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