· Asia-Pacific stocks mixed; RBA leaves cash rate unchanged
Stocks in Asia-Pacific were mixed on Tuesday following strong gains overnight for shares on Wall Street.
South Korea’s Kospi jumped 1.03% to close at 3,043.87, following its return from a Monday holiday.
Shares in mainland China were lower on the day, with the Shanghai composite down 1.21% to 3,508.59 while the Shenzhen component shed 0.715% to 14,751.12. Hong Kong’s Hang Seng index was more than 1% lower, as of its final hour of trading.
In Japan, the Nikkei 225 fell 0.86% to close at 29,408.17 while the Topix index dipped 0.4% to finish its trading day at 1,894.85.
Meanwhile, Australia’s S&P/ASX 200 closed 0.4% lower at 6,762.30.
The Reserve Bank of Australia (RBA) on Tuesday announced its decision to maintain its current policy settings, including leaving its cash rate at 0.1%.
In Southeast Asia, the Straits Times index in Singapore rose about 0.3% in afternoon trade.
MSCI’s broadest index of Asia-Pacific shares outside Japan declined 0.24%.
· SoftBank to write down $1.5 billion Greensill investment: Bloomberg News
The writedown occurred at the end of 2020 and SoftBank is considering dropping the valuation to close to zero, the report said.
· Stock futures fall after S&P 500 notches best day since June
Futures contracts tied to the major U.S. stock indexes traded lower in extended trading Monday evening after the S&P 500 rallied more than 2% during regular trading hours for its best day since June.
Dow futures dropped 123 points. S&P 500 futures and Nasdaq 100 futures also both traded in negative territory.
· European markets mixed after Monday’s rally as U.S. bond yields retreat
European stocks were mixed on Tuesday, searching for direction as U.S. bond yields continued to retreat.
The pan-European Stoxx 600 hovered around the flatline in early trade, with oil and gas stocks shedding 1.3% while telecoms gained 0.4%.
Reference: CNBC, Reuters
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