Asia-Pacific markets close mixed after Wall Street benchmarks hit record highs

Asia-Pacific markets ended the time mixed Tuesday.

Hong Kong's Hang Seng Index rose 0.54% to adjacent astatine 25,130.03, while mainland China's CSI 300 index accrued by 0.82% to 4,118.96.

Japan's Nikkei 225 benchmark pared earlier gains and ended the time down 0.11% to adjacent astatine 39,774.92, portion the broader Topix scale was level astatine 2,836.19.

Meanwhile, South Korea's Kospi index dropped 1.27% to adjacent astatine 3,169.94, portion the small-cap Kosdaq mislaid 1.06% to 812.97.

Australia's S&P/ASX 200 benchmark ticked up 0.1% to extremity the time astatine 8,677.20.

Over successful India, the 50-stock benchmark Nifty 50 and BSE Sensex scale were level arsenic of 1.45 p.m. Indian Standard Time (4.15 a.m. ET).

— Amala Balakrishner

Thailand's furniture has approved Vitai Ratanakorn to beryllium the next politician of the country's cardinal bank, Reuters reported, citing comments from a authorities spokesperson.

The assignment of Ratnakorn, who is slated to tally for a five-year word starting Oct. 1, is taxable to royal approval, the study added.

The 54-year-old volition win Sethaput Suthiwartnarueput, who is incapable to proceed for a 2nd word since helium is of status age.

Ratanakorn has been the president and CEO of the Government Savings Bank, Thailand's largest state-owned lender, since 2020.

— Amala Balakrishner

Indian stocks roseate successful aboriginal commercialized Tuesday.

The 50-stock benchmark Nifty 50 was up astir 0.1% portion the BSE Sensex scale added 0.2% arsenic of 9.45 a.m. Indian Standard clip (12.15 a.m. ET).

Nifty 50 Index

Several cardinal issues pertaining to agriculture and automobiles reportedly remained unresolved successful the 5th circular of commercialized negotiations betwixt India and the U.S., CNBC-TV18 reported, citing authorities sources.

Further rounds of talks are expected successful the coming weeks arsenic some countries research an interim commercialized woody earlier Aug. 1, erstwhile India faces a 26% tariff rate, the study added.

— Amala Balakrishner

SoftBank Group shares

The Japanese concern steadfast is reportedly acceptable to physique a tiny information halfway by the extremity of the year, alongside  and ChatGPT creator OpenAI, the Wall Street Journal reported, citing sources acquainted with the matter.

The information halfway is apt to beryllium built successful Ohio, the study added.

The 3 companies are starring a $500 cardinal partnership, dubbed "Stargate" to bolster U.S. artificial quality infrastructure.

The companies, however, had not recovered communal crushed implicit important presumption of the partnership, including wherever to physique the sites, the Wall Street Journal's study said.

— Amala Balakrishner

Straits Times Index

The scale was down 0.19% astatine 4,199.11 arsenic of 10:18 a.m. section clip (10.18 p.m. ET Monday), with losses led by the financial, utilities and exertion sectors.

The worst-performing stocks were Wilmar International, which slipped 0.99%, Frasers Centrepoint Trust, which dropped 0.9% and Keppel, which mislaid 0.69%.

— Amala Balakrishner

Chinese and Hong Kong stocks started the time higher Tuesday, pursuing a emergence successful the different cardinal Asia-Pacific markets.

As of 9.37 a.m. section clip (9.37 p.m. ET Monday), the Hang Seng Index added 0.28%, portion mainland's CSI 300 moved up 0.13%.

— Amala Balakrishner

Japan's  rose successful aboriginal commercialized Tuesday, arsenic markets reopened aft the ruling enactment mislaid its bulk successful the precocious house implicit the weekend.

The 225-stock stock mean precocious 1.12% to deed 40,254.18 astatine 9.17 a.m. section clip (8.17 p.m. ET Monday), portion the broader Topix scale added 0.96% to 2,861.63.

Nikkei 225

South Korea's caller concern minister, Koo Yun-cheol, and curate for trade, Yeo Han-koo, are set to clasp commercialized talks with their U.S. counterparts, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, this Friday, Reuters reported Tuesday.

The country's overseas and manufacture ministers volition besides sojourn the U.S. for commercialized discussions arsenic aboriginal arsenic this week, Koo told reporters.

This comes arsenic imports from the East Asian state to the U.S. person been slapped with tariffs of 25% starting August 1. This was the aforesaid level imposed by U.S. President Donald Trump successful April.

— Amala Balakrishner

Good greeting from Singapore.

Investors volition beryllium keeping a adjacent ticker connected Japan's equity and enslaved markets, which volition reopen aft a nationalist vacation pursuing its election.

The Japanese yen strengthened against the greenback connected Monday, aft weakening successful the weeks starring up to the election.

Japan's benchmark Nikkei 225 was acceptable to unfastened higher, with the futures declaration successful Chicago astatine 39,830 portion its counterpart successful Osaka past traded astatine 39,820, against the index's past adjacent of 39,819.11.

Futures for Hong Kong's Hang Seng index stood astatine 25,049, pointing to a stronger unfastened compared with the HSI's Monday adjacent of 24,994.14.

Australia's S&P/ASX 200 was acceptable to commencement the time little with futures tied to the benchmark astatine 8,660, compared with its past adjacent of 8,668.20.

— Amala Balakrishner

The banal marketplace whitethorn beryllium unusually calm, with the CBOE Volatility Index (VIX) remaining notably muted each period successful spite of ongoing risks astir commercialized and inflation, 1 strategist said. However, that could alteration rapidly successful the coming weeks.

"With adjacent week bringing the FOMC meeting, GDP data, a cardinal tariff deadline, and a question of net — successful a historically anemic model for the markets — adjacent tiny surprises could trigger crisp reactions," wrote Mark Hackett, main marketplace strategist astatine Nationwide. "We're successful a model wherever calm tin rapidly crook to complacency."

"While a interruption successful either absorption is possible, existent positioning suggests we'd stake connected a rally earlier a drop," Hackett wrote.

— Sarah Min

The S&P 500 and the Nasdaq Composite finished Monday's league with caller closing records aft some indexes scored caller all-time intraday highs.

The wide marketplace S&P 500 gained 0.14% to adjacent astatine 6,305.60, portion the tech-heavy Nasdaq climbed 0.38% to extremity astatine 20,974.17. In contrast, the blue-chip Dow Jones Industrial Average declined 19.12 points, oregon 0.04%, to decorativeness astatine 44,323.07.

— Sean Conlon