Asia-Pacific markets trade mixed as investors assess latest U.S.-Iran signals
Asia-Pacific markets traded mixed Tuesday as investors weighed the latest updates over U.S.-Iran negotiations.
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Japan's Nikkei 225 declined 0.49% after notching a record high on Monday, while the Topix added 0.23%. South Korea's Kospi rose over 1% to hit a fresh record high while the small-cap Kosdaq declined 0.92%.Japan's central bank kept its policy rate steady at 0.75% on Tuesday, while revising its inflation estimates upwards as the Iran war raises supply-side risks.In Australia, the S&P/ASX 200 lost 0.58%.Hong Kong's Hang Seng index lost 0.48%, while the CSI 300 declined 0.22%.Shares of Chinese optical computing firm Lightelligence surged over 380% on its debut on Tuesday.The company sold 13.8 million shares at HK$183.20 each, raising about HK$2.53 billion ($323 million) in gross proceeds, according to its filing.Shares of Contemporary Amperex Technology fell 7% after the company kicked off a roughly $5 billion share offering in Hong Kong.U.S. futures edged higher, with Dow Jones Industrial Average futures adding 0.12%, or 57 points. S&P 500 futures rose 0.14%, while Nasdaq 100 futures added 0.15%.Overnight in the U.S., the S&P 500 and the Nasdaq Composite rose to new record highs but gains were limited as stalled Iran peace talks and a fresh escalation in the Strait of Hormuz pushed oil prices higher.The broad market index added 0.12% and closed at a record level of 7,173.91. The Nasdaq Composite gained 0.20% and notched a closing record of 24,887.10. Both indexes also reached new all-time highs in the session. The Dow Jones Industrial Average fell 62.92 points, or 0.13%, to settle at 49,167.79.— CNBC's Sean Conlon and Yun Li contributed to this report.
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