Global Markets: Asia stocks sag on oil's slide, dollar dips before Fed testimony

By Shinichi SaoshiroTOKYO (Reuters) - Asian stocks were mostly lower on Tuesday, with a sharp decline in crude oil prices weighing on energy shares, while the dollar dipped ahead of Federal Reserve Chairman Jerome Powell's first U.S. congressional testimony.Spreadbetters expected European stocks to open slightly higher, with Britain's FTSE, Germany's DAX and France's CAC each gaining about 0.

1 percent.Overnight on Wall Street, the Dow edged up 0.2 percent but the S&P 500 lost 0.1 percent as energy shares were hit by the drop in oil that offset.

This article is no longer available in our repository.

There could be multiple reasons for this.