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Asian Equities Mixed Despite U.S. Gains

Asian shares traded mixed on Tuesday, pulling back from Monday’s big gains despite Wall Street also hitting record highs overnight.  New York shares reached new records on higher investor confidence with the Dow Jones at 17,817.9, while the S&P 500 rose to 2,069.4.

In Japan, the Nikkei 225 was higher 0.3% at 17,411.33 after being closed for a public holiday on Monday.  The dollar rose to 118.38 yen, up from 118.25 yen in New York trade.  The dollar has jumped some 10% against the yen, benefiting Japanese exporters.

In Greater China, Hong Kong shares opened lower after a sharp rise in the previous session on a surprise rate cut by China’s central bank.  The benchmark Hang Seng index was down 0.2% to 23,841.16, and the Shanghai Composite was lower 0.1% at 2,529.60.  In Australia, the S&P/ASX 200 index was 0.8% lower at 5,318.80 after hitting a one month high of 5,361.8 on Monday.

BBC [1]

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