Shares in the Asia-Pacific were mixed Tuesday on a quiet data day as markets continue to digest last week’s stellar U.S. jobs report.
In Japan, the Nikkei 225 dropped 249.28 points, or 0.9%, to 27,999.96.
SoftBank Group’s stock fell around 7% after its Vision Fund reported a 2.93-trillion-Japanese-yen ($21.68-billion U.S.) loss for the June quarter on Monday after the market close. The tech-focused fund has suffered as central banks raise interest rates to fight inflation.
The Japanese yen traded at 134.92 per U.S. dollar following a sharp weakening after last week’s strong U.S. jobs report.
In Hong Kong, the Hang Seng index dipped 42.33 points, or 0.2%, to 20,003.44, while heavyweight Alibaba climbed about 0.7%.
Alibaba has applied to change its Hong Kong listing status to primary from secondary, the company said in a statement on the Hong Kong Exchange. The Hong Kong Stock Exchange acknowledged the application on Aug. 8. The change will likely take effect before the end of 2022.
The tech giant first announced its plans for a dual primary listing in Hong Kong last month.
The Australian dollar was at $0.6969. It briefly climbed above $0.70 overnight.
In Shanghai, the CSI 300 regained 8.22 points, or 0.2%, to 4,148.07.
Intelligent transport firm Zhengzhou Tiamaes Technology stock soared nearly 20% after China’s ministry of transport released draft rules for self-driving vehicles that could lead to a legalization of such vehicles on public roads.
ShenZhen RoadRover Technology’s shares jumped 10%, hitting its trading limit, according to Chinese media.
China’s continued military drills around Taiwan have not impacted markets much, according to an economist at National Australia Bank.
In other markets
Markets in Singapore were shuttered for holiday.
In Taiwan, the Taiex picked up 29.87 points, or 0.2%, to 15,050.28
In Korea, the Kospi acquired 10.36 points, or 0.4%, to 2,503.46
In Australia, the ASX 200 eked up 9.21 points, or 0.1%, to 7,029.83.
In New Zealand, the NZX recouped 50.67 points, or 0.4%, to 11,753.48