SINGAPORE – Shares in Asia-Pacific mixed in trading on Tuesday morning as investors await the release of US consumer inflation data for August.
In Hong Kong, shares of China’s Evergrande Group fell more than 6% after the wrapped real estate developer on Tuesday set expectations for a “significant continued decline in contract sales in September,” with dampened confidence after ‘negative information surrounded by the press.
Hang Seng’s broader index in Hong Kong rose 0.19%, partially recovering from Monday’s fall. Shares in mainland China mixed, with the Shanghai composite falling 0.17%, while the Shenzhen component rose 0.17%.
The Nikkei 225 in Japan rose 0.8%, while the Topix index rose 0.66%. Kospi, from South Korea, gained 0.83%.
In Australia, the S & P / ASX 200 dropped 0.29%.
MSCI’s broader Asia-Pacific stock index outside of Japan traded 0.21% higher.
Overnight in the state, the Dow Jones Industrial Average bounced back from a five-day losing streak, jumping 261.91 points to 34,869.63. The S&P 500 rose 0.23% to 4,468.73. The Nasdaq Composite lagged behind as it fell fractionally to 15,105.58.
Looking ahead, the U.S. consumer price index for August will be released on Tuesday in the state, with expectations likely to show that inflation in the state will remain hot.
Coins and oils
The US dollar index, which tracks the greenback against a basket of its peers, stood at 92.621 after a recent decline above 92.7.
The Japanese yen was trading at 110.05 per dollar, stronger than the levels around 110.1 that were seen yesterday against the green dollar. The Australian dollar was at $ 0.7367 as it struggled to recover after falling from $ 0.744 last week.
Oil prices were higher in the morning of business hours in Asia, with an international benchmark future on Brent crude 0.26%, to $ 73.70 per barrel. U.S. crude futures gained 0.35% to $ 70.70 a barrel.