AUS
NZ
UK
CA
USA
IND
Summary
- APAC markets are a mixed bag today.
- Australia, India and the US markets are at their respective record high levels.
- China shares are in the red.
The equity markets across the Asia Pacific (APAC) region were a mixed bag on Tuesday, with Australian shares outperforming peers.
The Australian benchmark ASX200 was up 1.06% in the day’s trade and trading at its record high levels, as it opened after a long weekend of three days. The rally was triggered after the Reserve Bank of Australia’s (RBA) monetary meeting minutes revealed the stance of the RBA board members, who agreed that it would be “premature” for the central bank to consider ceasing the bond purchase program.
In Japan, the Nikkei225 also logged gains of 1%, while Topix Index was up 69 basis points.
Korean KOPSI was flat, trading 10 basis points above yesterday’s close.
In mainland China, the stocks declined, with the Shanghai composite down by 90 bps while the Shenzhen Component dipped 87 bps. Hong Kong’s Hang Seng index declined 86 bps.
In India, the 30-share BSE Sensex was up 53 basis points. Indian markets are trading at their life-high level, as the country continues gradual recovery from the devastating second bout of COVID-19. As India starts to ease the restrictions, the unemployment has started to gradually come down after peaking to 12.99% on 7 June 2021. The current unemployment in the country stands at 11.8%.
Morgan Stanley Capital International’s (MSCI) Asia-Pacific index was hovering near the flatline – 5 basis points higher.
Overnight on Wall Street, the Nasdaq Composite gained 74 bps to a record closing high of 14,174.14. The S&P 500 also cruised to another record close, rising 18 bps to 4,255.15. Meanwhile, the Dow Jones Industrial Average, popularly known as Dow30, dipped 85.85 points to 34,393.75.
