Sunrise scene of downtown Seoul city skyline, aerial view of Namsan Park N Seoul Tower in morning twilight sky. Best Viewing Spots and Hiking in Inwangsan Mountain, Seoul, South Korea
Munchor Chuwang | Moment | Getty Images
Asia-Pacific markets open mixed Wall Street was mixed on Tuesday, with the Dow soaring and the Nasdaq falling as investors fled technology stocks.
Australia’s S&P/ASX 200 opened 0.55% higher after falling for three consecutive sessions.
Japanese Nikkei 225 Index It fell 0.73%, and the Topix fell 0.34%. Korean Cospi rose 0.4%, while the Kosdaq fell 0.62%.
Hong Kong Hang Seng Index futures were at 18,903 points, higher than the Hang Seng Index’s last closing point of 18,874.14 points.
Investors will continue to focus on the Indian rupee exchange rate after the rupee fell to a record low against the US dollar. India released December inflation data on Monday, falling for the second consecutive month year-on-year, slightly lower than the expected 5.22%. Strengthening the case for expected interest rate cuts.
Thailand will release its December consumer confidence index.
The U.S. Dow Jones Industrial Average climbed overnight, outperforming the broader market, while the Nasdaq Composite fell as traders continued to sell off major technology stocks that have fueled the bull market.
The 30-stock Dow rose 358.67 points, or 0.86%, to close at 42,297.12 points as investors turned to non-tech stocks such as Caterpillar, JPMorgan and UnitedHealth. Meanwhile, the tech-heavy Nasdaq fell 0.38% to 19,088.10 points. The S&P 500 index edged up 0.16% to close at 5,836.22 points.
All three benchmark indexes have declined over the past two weeks, with technology stocks accounting for most of the losses.
—CNBC’s Hakyung Kim and Brian Evans contributed to this report.
About The Author
