Asian stocks and U.S. futures dropped Tuesday as investors mulled the latest batch of headlines on global growth and trade, while Treasury yields edged lower. Without any direction offered from American markets that were shut for a holiday Monday, shares declined from Tokyo and Sydney to Shanghai and Seoul. News that the IMF was cutting its global growth forecast to the weakest in three years merely cemented an already downbeat mood. The offshore yuan was steady after President Xi Jinping stressed the need to maintain political stability in an unusual meeting that suggested fresh concerns about the implications of the slowing economy. - Bloomberg

 read more