BY ZIMO ZHONG
HONG KONG (AP) — Asian stocks were mixed Tuesday after stocks advanced on Wall Street and yields jumped in the U.S. bond market as election-related issues swayed markets worldwide.
U.S. futures fell and oil prices rose. The Japanese yen fell to near a fresh 38-year low, reaching 161.67 yen to the dollar early Tuesday.
Tokyo’s benchmark Nikkei 225 added 1.1% to 40,074.69, as the weaker yen spurred buying of export-oriented shares.
Australia’s S&P/ASX 200 shed 0.4% to 7,718.20. South Korea’s Kospi dropped 0.8% to 2,781.92 despite data from Statistics Korea showing the country’s consumer inflation slowed to an 11-month low in June.
Hong Kong’s market was higher after a holiday break on Monday. The Hang Seng climbed 0.3% to 17,775.84 and the Shanghai Composite index edged up 0.1% to 2,995.78.
Elsewhere, Taiwan’s Taiex gained 0.6%, while the SET in Bangkok slipped 0.4%.
On Monday, the S&P 500
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
