Chinese stocks lead losses in mixed Asia-Pacific trading day
SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday trade, as the Chinese markets led losses regionally.
Elsewhere, Japan’s Nikkei 225While the Topix index gained 0.2%, it climbed by 0.38%.
MSCI’s Asia-Pacific broadest index, which excludes Japan, has fallen 0.12%
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.
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.
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%.