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Hong Kong’s Hang Seng index surges nearly 2%; Australia central bank rate decision ahead

Soegeefx AppsAsia MarketHong Kong’s Hang Seng index surges nearly 2%; Australia central bank rate decision ahead

Key Points

  • Asia-Pacific stocks were mixed in Tuesday morning trade.

  • The Reserve Bank of Australia is set to announce its interest rate decision at around 11:30 a.m. HK/SIN.
  • Overnight on Wall Street, the the S&P 500 gained 0.18% to a record closing high of 4,613.67.

SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday morning trade, with the Australian central bank set to announce its interest rate decision later in the day.

Hong Kong’s Hang Seng index led gains among the region’s major markets, rising 1.74% in early trade. Mainland Chinese stocks were also higher as the Shanghai composite gained 0.15% while the Shenzen component advanced 0.135%.

South Korea’s Kospi jumped 1.54%.

Japanese stocks slipped following their Monday surge, with the Nikkei 225 slipping 0.36% while the Topix index shed 0.59%.

TICKER COMPANY NAME PRICE CHANGE %CHANGE.
.N225 Nikkei 225 Index *NIKKEI 29591.96 -55.12 -0.19
.HSI Hang Seng Index *HSI 25399.93 245.61 0.98
.AXJO S&P/ASX 200 *ASX 200 7317.8 -53 -0.72
.SSEC Shanghai *SHANGHAI 3541.05 -3.43 -0.1
.KS11 KOSPI Index *KOSPI 3027.91 48.97 1.64
.FTFCNBCA CNBC 100 ASIA IDX *CNBC 100 10285.47 55.33 0.54

The S&P/ASX 200 declined 0.65%. The Reserve Bank of Australian is set to announce its interest rate decision at around 11:30 a.m. HK/SIN.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.71% higher.

Wall Street record closing highs

Overnight on Wall Street, the the S&P 500 gained 0.18% to a record closing high of 4,613.67. The Dow Jones Industrial Average climbed 94.28 points to 35,913.84, also finishing the trading day at a fresh record. The Nasdaq Composite advanced 0.63% to about 15,595.92, also a closing record.

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Currencies and oil

The US dollar index, which tracks the greenback against a basket of its peers, was at 93.943 after declining recently from above 94.

The Japanesse yen traded at 114.07 per dollar, stronger than levels around 114.4 seen against the greenback yesterday. The Australian dollar changed hands at $0.7527 following its climb yesterday from below $0.75.

Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures rising 0.28% to $84.95 per barrel. US crude futures gained 0.2% to $84.22 per barrel.

Source : CNBC

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