Shares in Asia-Pacific were mixed in Tuesday trade as investors watched for market reaction to U.S. President Joe Biden picking Jerome Powell for a second term as Federal Reserve chair.
Hong Kong’s Hang Seng index declined 1.01% while mainland Chinese stocks were mixed, with the Shanghai composite up 0.43% while the Shenzhen component slipped fractionally.
South Korea’s Kospi dipped 0.52%, with shares of biopharmaceutical firm Celltrion plunging around 5%.
The S&P/ASX 200 in Australia rose 0.83% as shares of major miner BHP rose more than 4%.
MSCI’s broadest index of Asia-Pacific shares outside Japan declined 0.46%.
· Markets in Japan are closed on Tuesday for a holiday.
· Tech stocks fall
Technology stocks in Asia fell on Tuesday, tracking losses seen by their peers overnight stateside.
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