A screen showing the Nikkei Stock Average on the trading floor of Nomura Securities’ headquarters in Tokyo on January 11, 2024.
Bloomberg | Bloomberg | Getty Images
Asia-Pacific markets were mostly higher on Tuesday despite big U.S. technology stocks being sold off by other sectors such as banking and energy.
Tech darling Nvidia fell 6.68% on Monday, making it one of the biggest contributors to the Nasdaq’s decline. Information technology was the S&P 500’s biggest-falling sector on the day, dropping more than 2%.
Asian investors will be assessing South Korea’s June consumer confidence index and Japan’s services sector producer price index.
South Korea’s consumer confidence index rose to 100.9 in June from 98.4 in May, driven by growing optimism about current living standards, future household income and the country’s economic situation.
| Ticker | company | name | price | change | %change |
|---|---|---|---|---|---|
| .N225 | Nikkei Stock Average | Nikkei | 38,856.29 | +51.64 | +0.13% |
| .HSI | Hang Seng Index | HSI | 18,027.71 | united nations | united nations |
| .AXJO | S&P/ASX 200 | ASX 200 | 7,754.00 | +20.30 | +0.26% |
| .SSEC | Shanghai | Shanghai | 2,963.10 | united nations | united nations |
| .KS11 | KOSPI Index | Korea Composite Stock Price Index | 2,771.82 | +7.09 | +0.26% |
| .FTFCNBCA | CNBC 100 Asia IDX | CNBC 100 | 9,770.68 | +35.39 | +0.36% |
Japan’s Nikkei rose 0.19% and the Tokyo Stock Price Index added 0.7%, while South Korea’s KOSPI rose 0.38% and the small-cap KOSDAQ added 0.35%.
Australia’s S&P/ASX 200 was up 0.47% in early morning trading.
Hong Kong Hang Seng Index futures were at 18,045, above the HSI’s last close of 18,027.71.
