A bronze bull statue is seen outside the Bombay Stock Exchange (BSE) building on Monday, June 3, 2024 in Mumbai, India. Indian stock futures rose in a landslide victory. Photographer: Dhiraj Singh/Bloomberg via Getty Images
Bloomberg | Bloomberg | Getty Images
Asia-Pacific stocks fell on Tuesday, while Wall Street was mixed.
Australian S&P/ASX 200 Index Opened down 1.2%, while South Korea Cospi fell 0.82%, and the small-cap Kosdaq fell 1.40%.
In comparison, Japan’s benchmark Nikkei 225 Index were slightly higher, while the broad-based Topix index was near flat.
Hong Kong Futures Hang Seng Index The Hang Seng Index closed at 20,386 points, opening weaker than the Hang Seng Index’s last closing price of 20,478.46 points.
Asian investors will see a brighter day on the economic data front. But they will be eyeing Hyundai India’s 27,856-crore ($3.3 billion) deal on the country’s stock exchange, which will reportedly be India’s largest-ever IPO.
During the U.S. trading session, two Fed officials talked about Interest rate trajectory.
Minneapolis Fed President Neel Kashkari noted that the U.S. economy is resilient and the labor market is strong, and he said the long-term interest rate trajectory is likely to be higher than in the past.
Dallas Fed President Lori Logan said she supports the current move to cut interest rates but will need to take a patient approach.
U.S. stocks closed mixed overnight, with U.S. Treasury yields rising as investors awaited new earnings reports.
this S&P 500 Index 30 levels fell 0.18% Dow Chemical It fell 0.8%, ending a three-day winning streak.
this Nasdaq Index It was an outlier, rising 0.27%.
—CNBC’s Pia Singh and Sarah Min contributed to this report.
