Global Markets: Asian Stocks Retreat Ahead of US Midterms, Oil Steadies

STOCK MARKET - SINGAPORE. Stocks edged lower at the start of Asian trade on Tuesday and oil prices stabilised after the previous session's tumble, with investors on edge ahead of the start of voting for the US midterm elections.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.9%, led by a decline of as much as 3.8% in Korean shares. S&P 500 e-mini futures edged up 0.1%, while Japanese markets are closed for a holiday.