SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday trade as several major Chinese tech stocks in Hong Kong remained under pressure following a tumble on Monday.
The broader Hang Seng index in Hong Kong fell 1.03%, seeing further losses after a more than 4% plunge on Monday on the back of regulatory fears surrounding China’s technology and private education sector.
Mainland Chinese stocks rose, with the Shanghai composite up 0.14% while the Shenzhen component hovered above the flatline. Industrial firms’ profits in China jumped 20% year-on-year in June, official data showed Tuesday. Still, that was a decline from the 36.4% year-on-year increase seen in May.
In Australia, the S&P/ASX 200 climbed 0.55%.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.43%.
Overnight on Wall Street, the S&P 500 gained 0.24% to 4,422.30 while the Dow Jones Industrial Average edged 82.76 points higher to 35,144.31. The Nasdaq Composite was fractionally higher at 14,840.71. The gains left all three major indexes stateside closing at new record highs.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.587 after a recent fall from above 92.8.