SINGAPORE – Shares in the Asia-Pacific were mixed in Tuesday’s trading, with Chinese search giant Baidu making its Hong Kong debut.
In Japan, the Nikkei 225 was up 0.53% while the Topix index was up 0.33%. South Korea’s Kospi partially slipped.
Chinese shares in the mainland fell as the Shanghai composite declined 0.21%, while the Shenzhen component fell 0.287%. The Hang Seng Index in Hong Kong has changed little.
Shares in Australia rose higher, with the S & P / ASX 200 rising 0.26%.
MSCI’s broadest index of Asia-Pacific stocks outside Japan traded 0.15% higher.
In corporate development, Baidu’s share began trading in Hong Kong on Tuesday, with shares previously trading at more than 1% of their issue price. The firm joins a long list of U.S. technology companies listed in the United States that have done secondary listings in Hong Kong, including Alibaba and JD.com.
Technical stock clock
Meanwhile, technology stocks in the Asia-Pacific were mixed in trading Tuesday morning. Shares in Japanese conglomerate Softbank Group rose 0.17%, while heavyweight Samsung Electronics rose 0.12% in South Korea. LG Electronics, on the other hand, fell 2.9%.
In Hong Kong, Tencent shares rose 0.47% while Alibaba fell 0.26%.
The shifts in local tech stocks came after their peer-to-peer authority rose overnight amid falling yields, with the tech Nasdaq Composite rising 1.23% to close at 13,377.54.
Other major Wall Street indices also rose on the day: the S&P 500 rose 0.7% to 3,940.59, while the Dow Jones industrial average climbed 103.23 points to 32,731.20.
The move to the outside came when the 10-year Treasury yield fell by 5 basis points to around 1.68% (1 basis point equals 0.01%), after a 14-month high last week. It last stood at 1.6964%.
Currencies and oil
The US dollar index, which follows the greenback against a basket of its peers, was at 91,829 – still above the levels below 91.5 seen last week.
The Japanese yen traded at 108.84 per dollar, stronger than levels above 108.75 against the greenback seen last week. The Australian dollar changed hands from $ 0.7726, still lower than $ 0.78 last week.
The oil price fell in the morning of trading hours in Asia, with the international standard Brent crude futures contract down 0.99% to $ 63.98 a barrel. U.S. crude futures fell 0.96% to $ 60.97 a barrel.
CNN’s Arjun Kharpal contributed to this report.
Correction: This article has been updated to accurately reflect the level of the US Dollar Index.