U.S. stock-index futures suggested losses at the Tuesday open, with the weakness coinciding with a pullback in much of Asia. About 8-1/2 hours ahead of the stock market open in New York, futures for the Dow Jones Industrial Average and S&P 500 implied a 0.3% loss for each, while Nasdaq 100 futures pointed to a 0.2% drop. Most major markets in Asia retreated Tuesday, with Hong Kong's Hang Seng Index down 0.3% at the midday break, and Japan's Nikkei Average dropping 2% in afternoon trade following a 4% rally the previous day. Helping drive the fall in Asia were a mixed bag of Chinese economic data, including the slowest GDP growth in five years, and a drop in housing prices, but a better-than-expected gain for September industrial production.
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