Sunrise scene of Seoul downtown city skyline, Aerial view of N Seoul Tower at Namsan Park in twilight sky in morning. The best viewpoint and trekking from inwangsan mountain in Seoul city, South Korea
Mongkol Chuewong | Moment | Getty Images
Asia-Pacific markets traded mixed Tuesday after a mixed session on Wall Street that saw the Dow soar and the Nasdaq slip as investors rotated out of tech stocks.
Australia’s S&P/ASX 200 rose 0.29%, after falling for three straight sessions.
Japan’s Nikkei 225 fell 1.29% and the Topix dipped 0.95%. South Korea’s Kospi traded around the flatline, while the Kosdaq added 0.32%. Japan’s 40-year government bond yield rose to 2.755, its highest on record at since 2007, data from LSEG showed.
Hong Kong’s Hang Seng index was up 0.15%, while mainland China’s CSI 300 rose 0.24%.
Investors will continue monitoring India’s rupee after it weakened to a record low against the U.S. dollar. India on Monday reported inflation data for December, which declined for a second straight month year on year, coming in just below expectations at 5.22% and boosting the case for prospective interest rate cuts.
Thailand will be releasing its consumer confidence index for December.
Overnight in the U.S., the Dow Jones Industrial Average climbed, outperforming the market, while the Nasdaq Composite slipped as traders continued to sell off major tech stocks that have powered the bull market.
The 30-stock Dow rose 358.67 points, or 0.86%, to close at 42,297.12 as investors rotated into nontech shares such as Caterpillar, JPMorgan and UnitedHealth. Meanwhile, the tech-heavy Nasdaq dropped 0.38% to 19,088.10. The S&P 500 inched up 0.16%, ending at 5,836.22.
All three benchmarks have declines for the past two weeks, with tech shares causing most of the damage.
—CNBC’s Hakyung Kim and Brian Evans contributed to this report.
