Sunrise in the Bund area of Shanghai, China, on November 2, 2023.
James D. Morgan | James D. MorganGetty Images News | Getty Images
Asia-Pacific markets were mixed on Tuesday, following gains on Wall Street. S&P 500 Index and the Nasdaq Composite rebounded from their worst week of the year.
The S&P 500 rose 1.16%, posting its worst week since March 2023.
Asian traders will be watching August trade data from China and India. A Reuters survey shows that China’s exports and imports are expected to increase by 6.5% and 2.0% respectively in August, which will be the lowest growth rate in four months.
Apple just concluded an event at its headquarters in Cupertino, California, where it unveiled the iPhone 16 Pro and iPhone 16 Pro Max, which were unveiled alongside the company’s earlier-announced iPhone 16 and iPhone 16 Plus. These are Apple’s more premium phones, with better screens and cameras than regular models.
Pre-orders for the new iPhone will begin on Friday and will be available on September 20.
Australia’s S&P/ASX 200 index edged up 0.61%.
Japanese Nikkei 225 Index fell 0.31%, while the Topix edged up 0.05%.
Korean composite stock price index The Kosdaq fell 0.15%, with the small-cap Kosdaq also down 0.12%.
Hongkong Hang Seng Index Index futures were at 17,216 points, higher than the Hang Seng Index’s last closing point of 17,196.96 points.
Overnight, the U.S. Dow Jones Industrial Average followed gains from the S&P and Nasdaq, with the 30-stock index falling more than 1,200 points last week before closing 1.2% higher.
—CNBC’s Pia Singh and Lisa Kailai Han contributed to this report.
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