Asian markets mixed as Baidu crashed on its Hong Kong debut

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Asian markets mixed early in trading on Tuesday as shares in Hong Kong and mainland China sank after gains in the initial session.

Hong Kong HSI Hang Seng Index,
-1.30%
down 1.3%, the Shanghai Composite SHCOMP,
-0.93%
fell 1.2% and the Shenzhen Composite of lower capitalization 399106,
-1.13%
decreased by 1.3%. The Japanese Nikkei 225 NIK,
-0.61%
exceeded 0.2% more. Kospi of South Korea 180721,
-1.01%
fell 0.4% and the S & P / ASX 200 XJO in Australia,
-0.11%
it was little changed. Stocks fell in Malaysia FBMKLCI,
-1.03%,
but won in Singapore ITS,
+ 0.07%
in Taiwan Y9999,
-0.07%,
with JAKIDX Indonesia,
-0.81%
plan.

Chinese internet search giant Baidu made a disappointing debut in its $ 3 billion Hong Kong offering, with shares rising only slightly from its opening price. American deposit receipts from Baidu BIDU,
+ 3.36%
had jumped more than 3% on Monday.

US stock indexes closed higher on Monday. The Dow Jones Industrial Average DJIA,
+ 0.32%
rose 103.23 points, or 0.3%, to close at 32,731.20, reaching a two-session losing streak, while the S&P 500 SPX,
+ 0.70%
added 27.49 points, or 0.7%, to close at 3,940.59, also ending a two-session slide. The Nasdaq COMP Composite Index,
+ 1.23%
advanced 162.31 points to finish at 13,377.54, a gain of 1.2%.

.Source