Asia Markets Trade Mixed as Investors Assess Chinese President Xi’s Comments in a Meeting With Top Executives
Asia-Pacific markets traded mixed Tuesday, a day after Chinese President Xi Jinping signaled support to the country’s private sector and urged businesses to “show their “talents.”
Australia’s S&P/ASX 200 was down 0.59%, ahead of the Reserve Bank of Australia’s policy decision. Reuters estimates a 25-basis-point rate cut to 4.1%.
The Australian dollar had strengthened 0.17% to 0.6343 against the dollar.
Japan’s benchmark Nikkei 225 was trading 0.47% higher, while the broader Topix index advanced 0.34%.
South Korea’s Kospi was flat, while the small-cap Kosdaq was down 0.17%.
Mainland China’s CSI 300 Index started the day 0.24% lower, while Hong Kong’s Hang Seng index traded up 0.48%.
The Hang Seng tech index began the day 0.63% lower. The index, which tracks the 30 biggest technology firms listed in Hong Kong, dropped over 2% Monday after Xi’s comments in a rare closed-door symposium.
Source : CNBC
