SINGAPORE – Asia-Pacific stocks were mixed in Tuesday’s trade, with Chinese search giant Baidu making its debut in Hong Kong.
In Japan, the Nikkei 225 rose 0.53%, while the Topix index rose 0.33%. South Korea’s Kospi fell slightly.
Mainland China shares fell as the Shanghai component fell 0.21%, while the Shenzhen component fell 0.287%. Hong Kong’s Hang Seng index has changed little.
Australia’s shares rose, with the S & P / ASX 200 up 0.26%.
The broader MSCI index for Asia Pacific stocks outside Japan was traded 0.15% above.
In corporate ventures, Baidu’s shares started trading in Hong Kong on Tuesday, with the shares rising more than 1% at the start of negotiations over the issue price. The company joins a long list of Chinese technology companies listed in the U.S. that have made secondary offers in Hong Kong, including Alibaba and JD.com.
Technology stock watch
Meanwhile, technology stocks in Asia-Pacific were mixed in Tuesday morning’s trading. Shares in the Japanese conglomerate Softbank Group rose 0.17%, while shares in Samsung Electronics, the weight of the South Korean industry, rose 0.12%. LG Electronics, on the other hand, fell 2.9%.
In Hong Kong, Tencent’s shares rose 0.47%, while Alibaba fell 0.26%.
The moves in regional technology stocks came after its US counterparts rebounded overnight amid declining bond yields, with the Nasdaq Composite advancing 1.23% to close at 13,377.54.
Other important indices on Wall Street also rose on the day: the S&P 500 advanced 0.7% to 3,940.59, while the Dow Jones Industrial Average rose 103.23 points to 32,731.20.
The US movements took place with the 10-year Treasury yield falling 5 basis points to about 1.68% (1 basis point is equal to 0.01%), after a 14-month high reached last week. Finally, it was 1.6964%.
Coins and oil
The US dollar index, which tracks the US dollar against a basket of its peers, was at 91.829 – still above last week’s levels below 91.5.
The yen traded at 108.84 per dollar, stronger than levels above 108.75 against the dollar seen last week. The Australian dollar changed hands at $ 0.7726, still out of last week’s $ 0.78 levels.
Oil prices fell on the morning of trading in Asia, with international benchmark Brent oil futures falling 0.99% to $ 63.98 a barrel. US oil futures contracts 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 United States dollar index.