Asia Pacific shares blended in as Wall Avenue retreated from all-time highs
SINGAPORE – Asia Pacific stocks were mixed Tuesday morning after Wall Street stocks retreated from all-time highs overnight.
In Japan, the Nikkei 225 was down 0.46% while the Topix index was down 0.4%. South Korea’s Kospi was down 0.39%.
Australian stocks rose, with the S & P / ASX 200 up around 0.2%.
MSCI’s broadest index for stocks in the Asia-Pacific region outside of Japan was slightly lower.
On the coronavirus front, Malaysian Prime Minister Muhyiddin Yassin announced on Monday that the country would tighten Covid-19 restrictions from Wednesday, with several states being banned.
The US dollar index, which tracks the greenback versus a basket of its peers, stood at 90.465 after rising below 89.6 last week.
The Japanese yen was trading at 104.17 per dollar, still weaker than below 103 against the greenback last week. The Australian dollar changed hands at $ 0.7702 after falling above $ 0.774 last week of trading.
Bitcoin fell along with other digital coins on Monday, wiping out around $ 100 billion from the entire cryptocurrency market. Bitcoin, the largest cryptocurrency, was around $ 35,229.50 on Monday around 7:07 p.m. EST, according to Coin Metrics.