Asia-Pacific markets trade mixed as investors assess latest U.S.-Iran signals
Asia-Pacific markets showed mixed results as investors reacted to recent U.S.-Iran developments. Japan's Nikkei 225 fell after reaching a record high, while South Korea's Kospi saw a slight increase. In the U.S., major indexes reached new highs despite concerns over stalled peace talks in Iran.
- ▪Japan's Nikkei 225 declined 1.02% to close at 59,917.46 after notching a record high on Monday.
- ▪Hong Kong's Hang Seng index lost 0.48% as it approached the end of trading.
- ▪Shares of Chinese optical computing firm Lightelligence surged over 380% on its debut, raising about HK$2.53 billion.
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Japan's Nikkei 225 declined 1.02% to close at 59,917.46 after notching a record high on Monday, while the Topix added 0.99% to 3,772.19. South Korea's Kospi rose 0.39% to 6,641.02 while the small-cap Kosdaq declined 0.86% to 1,215.58.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 0.64% to 8,710.7.Hong Kong's Hang Seng index lost 0.48% as o its last hour of trading, while the CSI 300 declined 0.27% to 4,758.21.Shares of Chinese optical computing firm Lightelligence surged over 380% on its debut on Tuesday.
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