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Taiwan Hits Record High

Taiwan benchmark Taiex rose to a record high Tuesday, amid broader gains in Asia, fueled by a tech rally on Wall Street after Nvidia announced a partnership with OpenAI.

Markets in Japan were closed for holiday.

In Hong Kong, the Hang Seng dropped 185.02 points, or 0.7%, to 26,159.12.

Hong Kong is bracing for a severe typhoon. The Hong Kong Observatory warned that conditions will begin to worsen later Tuesday, with Super Typhoon Ragasa expected to make its closest approach to the Pearl River Estuary Wednesday morning.

Singapore’s core inflation — which strips out prices of private transport and accommodation — posted its softest rise in more than four years, coming in at 0.3% for August.

This was lower than the 0.5% expected by economists polled by Reuters, and lower than the 0.5% seen in the month before.

In other markets

In Shanghai, the CSI 300 retreated 2.83 points, or 0.1%, to 4,519.78

In Korea, the Kospi gained 17.54 points, or 0.5% to 3,486.19

In Singapore, the Straits Times Index let go of 5.3 points, or 0.1%, to 4,302.67.

In Taiwan, the Taiex index popped 366.77 points, or 1.4%, to 26,247.37

In New Zealand, the NZX 50 slipped five points to 13,136.54.

In Australia, the ASX 200 took on 35.04 points, or 0.4%, to 8,845.93