Lamp posts in front of the Reserve Bank of Australia (RBA) building in Sydney, Australia, on Monday, Feb. 6, 2023.
Bloomberg | Bloomberg | Getty Images
Asia-Pacific markets were mixed as investors further assessed the Reserve Bank of Australia’s decision to hold its rates steady at 4.10%.
Australia’s S&P/ASX 200 pared earlier losses and rose 0.45%. The Australian dollar weakened 0.3% to 0.665 against the U.S. dollar.
In Japan, the Nikkei 225 retreated from a new 33-year high recorded on Monday, falling 0.96%, with the Topix also recording a smaller loss of 0.57%.
South Korea’s Kospi fell 0.28% as the country’s consumer price index grew at a slower rate of 2.7% in June, marking a fifth straight month of decline and inching closer to the central bank’s target range.
Mainland Chinese markets traded higher: The Shanghai Composite rose fractionally and the Shenzhen Component gained 0.7%.
Hong Kong’s Hang Seng index also inched up 0.4% led by energy and industrial stocks. The Hang Seng Tech index rose 0.33%.
Overnight in the U.S., all three major indexes climbed in a shortened trading session ahead of Independence Day.
The Nasdaq Composite added 0.21% and the S&P 500 advanced0.12%. The Dow Jones Industrial Average added 0.03%.
U.S. markets will resume trading on Wednesday.
— CNBC’s Alex Harring, Samantha Subin, and Fred Imbert contributed to this report