Sunrise scene of downtown Seoul skyline, aerial view from N Seoul Tower to Namsan Park in twilight sky in the morning. The best view point and trekking from Inwangsan mountain in Seoul city, South Korea
Mongkol Chuewong | Instant | Getty Images
Asia-Pacific markets mostly rose Tuesday after a mixed session on Wall Street that saw the Dow soar and the Nasdaq fall as investors turned away from technology stocks.
that of Hong Kong Hang Seng Index was up 1.41%, while mainland China’s CSI 300 index climbed 1.74%.
Australia’s S&P/ASX 200 index rose 0.32%, after falling for three consecutive sessions.
The Japanese markets are the only exception, with Nikkei 225 down 2.1%. The Topix fell 1.48%.
South Korea Kospi traded up 0.25% while the Kosdaq added 0.85%. The yield on 40-year Japanese government bonds rose to 2.755, its highest level since 2007, LSEG data showed.
Investors will continue to watch the Indian rupee after it weakened to a record low against the US dollar. India on Monday released its inflation data for December, which fell for the second consecutive month from a year ago, coming in just below expectations at 5.22% and which strengthens the case for potential interest rate cuts.
Thailand will release its consumer confidence index for December.
In the United States, overnight, the Dow Jones Industrial Average rose, outperforming the market, while the Nasdaq Composite fell as traders continued to sell off the major technology stocks that fueled the bull market.
The 30-stock Dow rose 358.67 points, or 0.86%, to close at 42,297.12, as investors turned to non-tech stocks such as Caterpillar, JPMorgan and UnitedHealth. Meanwhile, the tech-heavy Nasdaq fell 0.38% to 19,088.10. The S&P 500 edged up 0.16% to finish at 5,836.22.
All three benchmarks have seen declines over the past two weeks, with tech stocks doing most of the damage.
—CNBC’s Hakyung Kim and Brian Evans contributed to this report.
