Asia Stocks Mixed as Oil Stocks Rise

Shares in major Asia-Pacific markets struggled for direction on Tuesday as investors reacted to the Australian central bank’s interest rate decision.

In Japan, the Nikkei 225 regained 45.02 points, or 0.2%, Tuesday to 28,643.21.

In Hong Kong, the Hang Seng dipped 166.92 points, or 0.6%, to 28,143.50.

Shares of Asia-Pacific firms in the oil space rose on Tuesday trade. Shares of Inpex in Japan also jumped 1.8%. In Hong Kong, shares of CNOOC climbed 1.6%, as of their final hour of trading.

Australia’s Beach Energy rising 2% while Santos gained 0.4%

The Reserve Bank of Australia announced Tuesday its decision to keep the cash rate target at 0.1%. Following that announcement, the Australian dollar changed hands at $0.7583, still above levels below $0.752 seen yesterday.

In other markets

In Shanghai, the CSI 300 bowed 2.68 points, or 0.1%, to 5,083.11.

In Singapore, the Straits Times Index gained 49.57 points, or 1.6% to 3,190.59

The Kospi index in Korea added 12 points, or 0.4%, to 3,305.21.

In Taiwan, the Taiex index docked 6.26 points to 17,913.07

In New Zealand, the NZX 50 doffed 53.39 points, or 0.4%, to 12,758.93

In Australia, the ASX 200 lost 53.18 points, or 0.7%, to 7,261.78.