SINGAPORE – Shares in Asia-Pacific 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 of South Korea slipped fractionally.
Mainland Chinese stocks fell as the Shanghai compound fell 0.21%, while the Shenzhen component fell 0.287%. Hong Kong’s Hang Seng index changed little.
Shares in Australia rose, with an S & P / ASX 200 rising 0.26%.
MSCI’s broader Asia-Pacific stock index outside of Japan traded up 0.15% more.
In corporate developments, Baidu shares began trading on Tuesday in Hong Kong, with shares rising more than 1% in the initial trade from its issue price. The firm joins a long list of U.S.-listed Chinese technology companies that have made secondary offers in Hong Kong, including Alibaba and JD.com.
Clock of technical actions
Meanwhile, technology stocks in Asia-Pacific mixed in Tuesday morning’s trade. Shares of Japanese conglomerate Softbank Group rose 0.17%, while South Korean industry Samsung Electronics rose 0.12%. LG Electronics, on the other hand, fell 2.9%.
In Hong Kong, Tencent shares rose 0.47%, while Alibaba fell 0.26%.
Movements in regional technology stocks came after their state counterparts concentrated overnight amid falling bond yields, with a high-tech Nasdaq Composite jumping 1.23% and closed at 13,377.54.
Other major Wall Street indices also rose on the same 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 movements occurred as the 10-year Treasury yield fell 5 basis points to 1.68% (one basis point equals 0.01%), after a 14-month high touched last week. It stood at 1.6964% for the last time.
Coins and oils
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.829, still above last week’s levels below 91.5.
The Japanese yen was trading 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, although below the levels above the $ 0.78 seen last week.
Oil prices fell in the morning of business hours in Asia, with international benchmark futures on Brent crude falling 0.99% to $ 63.98 a barrel. US crude oil futures fell 0.96% to $ 60.97 a barrel.
– CNBC’s Arjun Kharpal contributed to this report.
Correction: This article was updated to accurately reflect the level of the US dollar index.