Asia-Pacific marketplaces fall as Nasdaq reaches new highs South Korea inflation in emphasis

Asia-Pacific marketplaces fall as Nasdaq reaches new highs South Korea inflation in emphasis


Professional and household buildings observed from the rooftop of the Lotte Corp. Earth Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023. 

Bloomberg | Bloomberg | Getty Images

Asia-Pacific marketplaces fell on Tuesday, inspite of gains on Wall Street that noticed the Nasdaq Composite reached a new document on the toughness of tech shares.

The index was led by gains in Microsoft, Apple and chipmaker Nvidia. It advanced .83% to end at 17,879.3.

Traders in Asia are examining South Korea’s inflation numbers which came in at 2.4% for June, lacking expectations by economists polled by Reuters who predicted a inflation level of 2.7%.

Japan’s Nikkei 225 fell by .41% while the wide-centered Topix stayed flat.

South Korea’s Kospi was .22% decreased and the compact-cap Kosdaq was .39% lessen after the inflation info was introduced.

Australia’s S&P/ASX 200 fell .15% in early trade.

Hong Kong Hang Seng index futures ended up at 17,556, lower than the HSI’s last near of 17,718.61.

Overnight in the U.S., the Dow Jones Industrial Average and the S&P 500 recorded gains, increasing .13% and .27% respectively.

—CNBC’s Brian Evans and Samantha Subin contributed to this report.



Resource

Alibaba unveils Qwen3.5 as China’s chatbot race shifts to AI agents
World

Alibaba unveils Qwen3.5 as China’s chatbot race shifts to AI agents

Qwen3 is Alibaba’s latest large language model, which it says combines traditional LLM capabilities with “advanced, dynamic reasoning.” Sopa Images | Lightrocket | Getty Images Alibaba Group has released its newest AI model series, featuring enhanced capabilities, as it faces intensifying competition in China’s AI space with several models launched in the past week.  The […]

Read More
Asia markets make cautious start, oil rises on U.S.-Iran talks
World

Asia markets make cautious start, oil rises on U.S.-Iran talks

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Aug. 5, 2024.  Noriko Hayashi | Bloomberg | Getty Images Asian financial markets were treading carefully on Tuesday in holiday-thinned trading, but oil pushed higher with U.S and Iran nuclear negotiations in Geneva due to begin later in […]

Read More
Australia central bank sees no set path for future rates, following Feb hike
World

Australia central bank sees no set path for future rates, following Feb hike

Australia’s central bank sees inflation staying above its target band in 2026. Brendon Thorne | Bloomberg | Getty Images Australia’s central bank concluded inflation would stay stubbornly high if it had not hiked interest rates as it did this month, and was not yet sure if further tightening would be necessary. Minutes of the Reserve […]

Read More