SINGAPORE – Shares of Asia-Pacific were mixed in Tuesday’s trade, with Chinese search giant Baidu entering Hong Kong.
In Japan, the Nikkei 225 peaked at 0.53% while the Topix index rose 0.33%. South Korea’s Kospi slipped a fraction.
Mainland Chinese stocks fell 0.21% in the Shanghai Composite while the Shenzhen component fell 0.287%. Hong Kong’s Hang Seng Index changed slightly.
Shares rose 0.26% with the S&PX / ASX 200 higher in Australia.
Outside Japan, Asia-Pacific shares traded up 0.15% in MSCI’s Broadcast Index.
In corporate growth, shares of Badu started trading in Hong Kong on Tuesday, with the stock rising more than 1% in early trade from its issue price. The payment firm joins a long list of US-listed Chinese tech companies that have made secondary offerings in Hong Kong, including Alibaba and JD.com.
Tech Stock Watch
Meanwhile, Technol.G stocks in Asia-Pacific merged in Tuesday morning’s trade. Shares of Japanese conglomerate Softbank Group rose 0.17% while South Korean industry heavyweight Samsung Electronics rose 0.12%. LG Electronics, on the other hand, is down 2.9%.
In Hong Kong, shares of Tencent rose 0.47% while Alibaba fell 0.26%.
Their counterparts saw a decline in bond yields after the tech-heavy Nasdaq Composite rose 1.23% to close at 13,377.54.
Other key indices on Wall Street also rose during the day: the S&P 500 rose 0.7% to 3,940.59 while the Dow Jones Industrial Average rose 103.23 points to 32,731.20.
The 10-year Treasury yield fell 5 basis points to 1.68% (1 basis point equals 0.01%) following a 14-month high last week. It last stood at 1.6964%.
Currency and oil
The US dollar index, which tracks the greenback against its peers’ basket, stood at 91.829 – down from 91.5 seen last week.
The Japanese yen was trading at 108.84 against the greenback last week, which is stronger than the 108.75 level. The Australian dollar has changed hands at 0.7726, up from 7 0.78 seen last week.
International benchmark Brent crude futures fell 0.99% to 9 98 per barrel in Asian trading hours on the morning of lower oil prices. US crude futures fell 0.96% to 60.97 barrels per barrel.
– Arjun Kharpal of CNBC contributed to this report.
Correction: This article was updated to accurately reflect the level of the US Dollar Index.
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