Wall Street wiped out a rally on Tuesday as a recession indicator from the bond market worsened and fears around the U.S.-China trade war weighed on equity trading.
The Dow fell close to 121 points during the session reversing a morning rally; the S&P 500 fell point-3 percent while the Nasdaq Composite dropped a bit more than that.
Seoul shares climbed on Tuesday as concerns over the latest escalation in Sino-U.S. trade row appeared to fade, but gains were limited ahead of the weightage changes in Msci EM index.
The benchmark KOSPI closed up point-4 prcent at 19-25 whle the tech-heavy KOSDAQ
Oil prices rose in volatile trade on Tuesday supported by expectations of a drawdown in U.S. crude inventories, though gains were capped by worries about a recession and uncertainty over a China-U.S. trade deal.
Brent crude settled up 81 cents at 59 dollars and 51 cents a barrel while the U.S. West Texas Intermediate ended 2.4 percent higher at 54-93 a barrel. 1 dollar and 29 cents higher at 54-93 a barrel.