Asian markets were mixed during Tuesday’s early trading as stocks in Hong Kong and mainland China sank after taking gains early in the session.
Hong Kong’s Hang Seng index HSI,
slipped 1.3%, the Shanghai Composite SHCOMP,
fell 1.2% and the smaller Shenzhen Composite 399106,
decreased by 1.3%. Nikkei 225 NIK from Japan,
slant 0.2% higher. South Korea’s Kospi 180721,
0.4% and Australian S & P / ASX 200 XJO,
little had changed. Stocks fell in FBMKLCI in Malaysia,
but acquired in Singapore STI,
and Taiwan Y9999,
with Indonesia JAKIDX,
flat.
Chinese internet search giant Baidu made a disappointing debut in its $ 3 billion Hong Kong offering, with shares rising only slightly from the opening price. Baidu’s American Depository Receipts BIDU,
had jumped more than 3% on Monday.
US stock benchmarks closed higher on Monday. The Dow Jones Industrial Average DJIA,
rose 103.23 points, or 0.3%, to close at 32,731.20, a two-session loss, while the S&P 500 SPX,
Added 27.49 points, or 0.7%, to close at 3,940.59, also ending a two-session slide. The Nasdaq Composite Index COMP,
moved up 162.31 points to finish at 13,377.54, a gain of 1.2%.