Chachamaru
Asia-Pacific stock markets were mixed on Tuesday, with the S&P 500 and Nasdaq losing ground overnight as investors assessed China's industrial profits data. At the same time, rising tensions in the Middle East weighed on global market sentiment.
Japan (NKY:IND), +0.72% The Nikkei stock average rose on Tuesday, erasing losses earlier in the session, with all sectors joining the gains.
The Japanese yen retreated from a three-week high and eased toward 145 yen to the dollar as the U.S. dollar edged higher.
China (SHCOMP), -0.24% : The Shanghai Composite Index fell on Tuesday, snapping a two-day winning streak despite upbeat economic data but heightened caution after Canada announced it would follow the U.S. and Europe in imposing huge tariffs on Chinese-made electric vehicles.
China's industrial companies posted stronger-than-expected profits in the first seven months of the year as the government continues to push for economic growth.
Investors are now turning their attention to official PMI figures for August, due to be released on Saturday, for further insight into China's economy, the world's second-largest.
Hong Kong (HSI) +0.30%.
India (SENSEX), +0.11%: Indian stocks rose in morning trade on Tuesday, boosted mainly by the technology, real estate, pharmaceutical and healthcare sectors.
Australia (AS51) -0.16%. The S&P/ASX 200 index fell on Tuesday, reversing gains earlier in the session, as investors cautiously await key inflation data that could influence the Reserve Bank of Australia's outlook for monetary policy.
In the US, all three major indexes ended mixed on Monday as investors anticipated upcoming interest rate cuts and focused on Nvidia's long-awaited earnings report.
US stock futures were mixed on Tuesday as investors prepared for major earnings releases this week, with the Dow up -0.01%, the S&P 500 up +0.03% and the Nasdaq up +0.08%.
Currency: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
