Stock Groups

Chinese stocks lead losses in mixed Asia-Pacific trading day

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SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday trade, as the Chinese markets led losses regionally.

The Shenzhen componentIn mainland China, the plunge was 2.771% at the end of the afternoon. Shanghai compositeReduce 0.9%

Hong Kong Hang Seng indexThe city’s tech stocks dropped by 1.54%. AlibabaThe plunge was 3.48% TencentWhile the increase was 1.63% MeituanBy 4.07% Hang Seng Tech Index lost 2.28%.

Elsewhere, Japan’s Nikkei 225While the Topix index gained 0.2%, it climbed by 0.38%.

South Korea KospiAdvanced 0.84% Australia has the following: S&P/ASX 200It climbed to 1.07%

MSCI’s Asia-Pacific broadest index, which excludes Japan, has fallen 0.12%

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As investors assess factors like central bank policy normalization and the possibility of fast-rising U.S. wages leading to volatility, global markets continue to experience volatility. Federal ReserveTo raise interest rates even higher this year.

Ray Attrill (head of foreign currency strategy, National Australia Bank) wrote Tuesday that inflation and the related central bank thought remain far more influential on market sentiment.

The Nasdaq Composite suffered the largest overnight losses among major US indexes, with a drop of 0.58% to 14.015.67.

The S&P 500 also declined 0.37% to 4,483.87 while the Dow Jones Industrial Average climbed just 1.39 points to 35,091.13.

Oil and Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 95.517 — off levels around 95.2 seen late last week.

The Japanese yenThe dollar was traded at 115.35 dollars, weakening from 115.35 earlier. The Australian dollarAfter yesterday’s rise from $0.708 to $0.7135, the price was $0.7135

With international benchmarks, oil prices fell in the afternoon Asia trading hours. Brent crude futuresDropping to $92.53 per barrel by 0.17% U.S. crude futuresThe price of a barrel dropped to $91.27 from 0.05%.

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