Visitors stand in front of an electronic ticker at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan on Monday, November 30, 2020.
Toru Hanai | Bloomberg via Getty Images
Asia-Pacific shares were mixed on Tuesday after sharp declines on Monday.
Japan’s Nikkei 225 rose 0.61% and the Topix index rose 0.7%. In Australia, the S&P/ASX 200 added 0.25%. The Shanghai composite in mainland China rose 0.26% and the Shenzhen component rose 0.314%.
South Korea’s Kospi struggled for direction and last lost 0.62%, while the Kosdaq lost 0.74%. In Hong Kong, the Hang Seng Index lost 1.06%, while the Hang Seng Tech Index fell 1.7%.
The broadest index of Asia-Pacific shares outside Japan fell 0.29%. China’s industrial profits from January to August fell 2.1 percent from the same period a year earlier, according to official data.
Overnight in the US, the main stock indexes fell. The S&P 500 fell 1.03% to 3,655.04, a new closing low for 2022. The Dow Jones Industrial Average fell into a bearish market after losing 329.60 points, or 1.11%, up to 29,260.81. The Nasdaq Composite fell 0.6% to 10,802.92.
“Bond and equity selling continued as sterling weakness highlighted the fragility of markets in the face of political uncertainty,” ANZ Research analysts wrote in a note on Tuesday, a day after the pound hit a historic low.
– CNBC’s Sarah Min and Tanaya Macheel contributed to this report.