Asian shares got off to a cautious start on Tuesday lacking any lead from Wall Street and after the IMF shaved its outlook for world growth this year, though it did offer a brighter view on China.
MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally down 0.04%
Moves elsewhere were likewise modest, with Japan's Nikkei down 0.1% and South Korea. E-Mini futures for the S&P 500 ESc1 eased 0.05%.
Overnight, the International Monetary Fund trimmed its global growth forecasts, mostly due to a surprisingly sharp slowdown in India and other emerging markets, even as it said that a U.S.-China trade deal could see activity bottom out.