Pedestrians are reflected in a window as electronic boards display stock information at the Australian Securities Exchange, operated by ASX Ltd. on August 6, 2024 in Sydney, Australia.
Lisa Maree Williams | Getty Images News | fake images
Asia-Pacific markets traded mixed on Tuesday in the absence of any major triggers, after two key Wall Street indices rose overnight on tech optimism.
Amazon shares rise 4% thanks to a $38 billion deal with OpenAI, a move that will use hundreds of thousands of Nvidia graphics processing units. Nvidia also gained about 2% after securing export licenses to ship its chips to the United Arab Emirates.
Australia S&P/ASX 200 fell 0.7% as investors awaited the Reserve Bank of Australia’s policy decision.
Japan Nikkei 225 rose 0.25% and the Topix added 0.52%. South Korea Kospi fell 1.29% while the small-cap Kosdaq rose 0.24%.
Kospi has gained in 12 of the last 15 sessions, hitting multiple new highs this month thanks to global AI tailwinds as well as local structural changes that are steadily eroding the long-standing “Korea discount.”
from hong kong Hang Seng Index rose 0.23%, while the mainland CSI 300 was stable.
Overnight in the US, technology companies Nasdaq advanced 0.46%, while the S&P 500 rose 0.17%. He Dow Jones Industrial Average lagged behind, falling 0.48%.
— CNBC’s Sean Conlon and Fred Imbert contributed to this report.
