Asia-Pacific markets were mixed on Tuesday, following gains on Wall Street that saw both the S&P 500 and NASDAQ Composite rebound from their worst week of the year.
The Nikkei 225 index lost another 56.59 points, or 0.2%, to 36,215.75, its sixth straight losing day, weighed down by the health-care sector snapping 2.06% losses.
In Hong Kong, the Hang Seng Index ended its losing streak with a gain of 37.13 points, or 0.2%, to 17,234.09.
In Hong Kong, shares of tech giant Alibaba rose over 4% after the stock was added to the Stock Connect cross-border investment scheme.
The Stock Connect scheme allows investors in mainland China or Hong Kong to trade and settle shares listed on the other market via the stock exchanges and clearing houses in their home market.
Apple’s major suppliers Hitachi and Taiwan Semiconductor Manufacturing Company shares rose 1.6% and 0.56%, respectively, while Hon Hai Precision Industry — known internationally as Foxconn — dropped 0.87%.
CHINA
In Shanghai, the CSI 300 nicked up 2.81 points, or 0.1%, to 3,195.76.
Traders in Asia will parse August trade data from China.
China’s exports grew 8.7% year-on-year in August and imports grew 0.5%, customs data showed, compared to the forecast of 6.5% and 2%, respectively, in a Reuters poll. In July, exports rose by 7% from a year ago, while imports increased by a more-than-expected 7.2%.
In other markets
In Taiwan, the Taiex index dipped 80.36 points, or 0.4%, to 21,064.08.
In Singapore, the Straits Times Index gained 16.14 points, or 0.5%, to 3,512.67.
In Korea, the Kospi index dropped 12.5 points, or 0.5%, to 2,523.43.
In New Zealand, the NZX 50 eked ahead 11.2 points, or 0.1%, to 12,632.82.
In Australia, the ASX 200 forged ahead 23.85 points, or 0.3%, to 8,011.94.
