Asian markets mixed with Baidu’s failure in Hong Kong debut

Asian markets were mixed early on Tuesday’s trading session, with Hong Kong and mainland China stocks plummeting after posting gains at the start of the session.

HSI of the Hong Kong Hang Seng Index,
-1.37%
fell 1.3%, the Shanghai Composite SHCOMP,
-0.93%
fell 1.2% and the Shenzhen Composite 399106 of lower capitalization,
-1.13%
decreased by 1.3%. Nikkei 225 NIK from Japan,
-0.61%
increased by 0.2%. South Korea’s Kospi 180721,
-1.01%
fell 0.4% and Australia’s S & P / ASX 200 XJO,
-0.11%
little has changed. Shares fell in Malaysia FBMKLCI,
-0.76%,
but won in Singapore STI,
+ 0.09%
and Taiwan Y9999,
-0.07%,
with JAKIDX Indonesia,
-0.65%
flat.

Chinese Internet search giant Baidu made a disappointing debut in its $ 3 billion bid in Hong Kong, with shares rising only slightly from the opening price. American Depository Receipts BIDU from Baidu,
+ 3.36%
jumped more than 3% on Monday.

US stock benchmarks closed higher on Monday. The DJIA of the Dow Jones Industrial Average,
+ 0.32%
rose 103.23 points, or 0.3%, to close at 32,731.20, breaking 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 slide of two sessions. The Nasdaq Composite Index COMP,
+ 1.23%
advanced 162.31 points to finish at 13,377.54, a gain of 1.2%.

.Source