Asia-Pacific markets are mostly up even as yields of U.S. 10-year Treasury bonds hit levels not seen in over a decade.
In Japan, the Nikkei 225 index jumped 291.07 points, or 0.9%, to 31,856.71, extending its gains from Monday. Overnight, SoftBank Group’s chip unit Arm filed for a NASDAQ listing that is expected to be the largest of the year.
In Hong Kong, the Hang Seng recovered 167.72 points, or 1%, to 17,791.01, snapping a seven-session losing streak.
Hong Kong’s inflation rate slowed more than expected in July, coming in at 1.8% compared to the 2% expected by economists polled by Reuters. The figure is also lower than the 1.9% seen in June.
South Korea’s consumer sentiment weakened in August for the first time in six months, according to a survey from the Bank of Korea.
The consumer sentiment index fell to 103.1 from 103.2 the previous month. A reading above 100 means that optimists outnumber pessimists in the survey, and vice versa.
In other markets
The CSI 300 regained 28.68 points, or 0.8%, to 3,758.23, rebounding from a nine-month low.
In Taiwan, the Taiex index captured 56.12 points, or 0.3%, to 16,437.61.
In Korea, the Kospi index was up 6.94 points, or 0.3%, to 2,515.74.
In Singapore, the Straits Times Index grabbed 5.85 points, or 0.2%, to 3,159.88.
In New Zealand, the NZX 50 regrouped 26.56 points, or 0.2%, to 11,485.26.
In Australia, ASX 200 inched forward 6.14 points, or 0.1%, to 7,121.61.