China stocks were mixed Tuesday amid broader gains in Asia-Pacific markets, following losses on Wall Street that saw the S&P 500 and NASDAQ Composite pull back from record highs ahead of key inflation data.
In Japan, the Nikkei 225 index marched ahead 207.08 points, or 0.5%, to 39,367.58.
In Hong Kong, the Hang Seng removed 102.81 points, or 0.5%, to 20,311.28.
Korean markets had their best jump in three months.
South Korean news agency Yonhap reported that the leader of the main opposition party, Lee Jae Myung, said his party would pass a downsized budget bill for next year through a plenary session later in the day.
Australia’s S&P/ASX 200 closed lower after the Reserve Bank of Australia held its benchmark rate at 4.35% for the 10th consecutive time.
CHINA
In Shanghai, the CSI 300 regained 29.07 points, or 0.7%, to 3,995.64.
Sentiment was boosted by Beijing’s announcement of “more proactive” fiscal measures and “moderately” looser monetary policy next year as part of efforts to boost domestic consumption.
News of the measures, which came from an official readout late Monday after mainland China market had closed, had sent the Hang Seng index nearly 3% higher that evening.
China’s 10-year bond yield hit a record low Tuesday, and was last at 1.893%.
In other markets
In Taiwan, the Taiex subtracted 148.17 points, or 0.6%, to 23,125.08
In Korea, the Kospi index recovered 57.26 points, or 2.4%, to 2,417.84
In Singapore, the Straits Times Index gained 18.63 points, or 0.5%, at 3,813.55.
In New Zealand, the NZX 50 deleted 78.43 points, or 0.6%, to 12,723.37.
In Australia, the ASX 200 slipped 30.02 points, or 0.4%, to 8,392.97.
