Visitors stand in front of an electronic ticker at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, Monday, Nov. 30, 2020.
Toru Hanai | Bloomberg via Getty Images
Asia-Pacific stocks were mixed on Tuesday after sharp falls on Monday.
The Nikki 225 in Japan rose 0.61% and the Topix index gained 0.7%. In Australia, the S&P/ASX 200 added 0.25%. The Shanghai Composite in mainland China increased by 0.26% and the Shenzhen Component was 0.314% higher.
MSCI’s broadest index of Asia-Pacific stocks outside Japan fell 0.29%. China’s January-August industrial profits fell 2.1% from the same period a year ago, official data showed.
Overnight in the United States, major stock market indices fell. The S&P 500 slid 1.03% to 3,655.04, a new closing low for 2022. The Dow Jones Industrial Average fell into a bear market after falling 329.60 points, or 1.11%, 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,” analysts at ANZ Research wrote in a note. Tuesday, one day after book reached a record high.
– CNBC’s Sarah Min and Tanaya Macheel contributed to this report.