Japan’s Nikkei 225 is down nearly 1%; Standard & Poor’s 500 closes at a record level

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SINGAPORE – Shares in the Asia-Pacific region fell in trading on Tuesday despite overnight gains on Wall Street as the S&P 500 and Nasdaq Composite closed at record levels.

Stocks on the Chinese mainland fell this afternoon. The Shanghai Composite Index is down 0.95%, while the Shenzhen component is down 0.977%.

Hong Kong’s Hang Seng Index is down 0.77%.

The Nikkei 225 is down 0.89% while the Topix is ​​down 0.95%. South Korea’s Kospi Index was also down 0.52%.

In Australia, the S&P/ASX 200 Index is down 0.31%.

MSCI’s broadest index of Asia Pacific shares outside Japan was down 0.55%.

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The S&P 500 rose 0.23% overnight to a new record closing high of 4,290.61.

Investors will also be watching tech stocks in the Asia-Pacific region after Wall Street’s Nasdaq Composite Index rose 0.98% to a record closing level of 14,500.51.

The Dow Jones Industrial Average fell 150.57 points to 3,4283.27 points.

Currency and oil

The US Dollar Index, which measures the greenback against a basket of its peers, was at 91.96 – far from levels above 92.1 seen earlier in the month.

The Japanese yen traded at 110.53 against the dollar, stronger than the levels above 110.8 seen yesterday against the dollar. The Australian dollar was trading at $0.7556, down from levels around 0.758 seen earlier this week.

Oil prices fell in Asian afternoon trading hours, with international benchmark Brent crude futures down 0.48% to $74.32 a barrel. US crude futures fell 0.47% to $72.57 a barrel.

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