SINGAPORE – Asia-Pacific shares were mixed in trading on Tuesday, with Chinese search giant Baidu debuting in Hong Kong.
In Japan, the Nikkei 225 rose 0.53% more, while the Topix index gained 0.33%. Kospi in South Korea slipped in fractions.
Shares in mainland China fell as the Shanghai composite fell 0.21%, while the Shenzhen component fell 0.287%. The Hong Kong Hang Seng Index has changed slightly.
Shares in Australia rose, with the S & P / ASX 200 rising 0.26%.
The largest MSCI index of Asia-Pacific equities outside Japan traded 0.15% higher.
As part of corporate developments, Baidu shares began trading in Hong Kong on Tuesday, with shares rising more than 1% in early transactions from their issue price. The company joins a long list of US-listed Chinese technology companies that have made secondary offers in Hong Kong, including Alibaba and JD.com.
Technical stock watch
Meanwhile, stocks in the Asia-Pacific technology were mixed in trading on Tuesday morning. Shares of Japan’s conglomerate Softbank Group gained 0.17%, while South Korean electronics industry Samsung Electronics advanced 0.12%. LG Electronics, on the other hand, fell 2.9%.
In Hong Kong, Tencent shares fell 0.47% more, while Alibaba fell 0.26%.
The movements of regional technology stocks took place after their state counterparts gathered overnight amid declining bond yields, a technology-intensive Nasdaq Composite jumped 1.23% to close at 13,377.54 .
Other major Wall Street indices also rose that 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.
State-level movements took place as the 10-year Treasury yield fell by 5 basis points to about 1.68% (1 basis point equals 0.01%) after a maximum of 14 basis points. Monday reached last week. The latter stood at 1.6964%.
Coins and oil
The US dollar index, which tracks the green dollar against a basket of its colleagues, was at 91.829 – still above the levels below 91.5 observed last week.
The Japanese yen traded at 108.84 per dollar, stronger than levels above 108.75 against the green dollar seen last week. The Australian dollar changed hands at $ 0.7726, still outside the $ 0.78 levels seen last week.
Oil prices fell in the morning trading hours in Asia, with international references to Brent crude futures falling 0.99% to $ 63.98 a barrel. US crude futures fell 0.96% to $ 60.97 a barrel.
– CNBC’s Arjun Kharpal contributed to this report.
Correction: This article has been updated to accurately reflect the level of the US dollar index.