Asia-Pacific stocks mixed after Wall Street losses
Shares in Asia-Pacific nudged higher in Tuesday morning trade following overnight declines for the Dow Jones Industrial Average and S&P 500 on Wall Street.
Shares of companies related to South Korean conglomerate Samsung were mixed in Tuesday morning trade. Shares of Samsung Electronics slipped 0.25% while Samsung C&T fell 1.05%. Samsung Life Insurance rose 0.78%.
Those moves came after the South Korea’s justice ministry announced Monday that the firm’s heir Jay Y. Lee is set to be released on parole later this week, according to Reuters.
South Korea’s broader Kospi sat below the flatline.
The Nikkei 225 in Japan gained 0.3% while the Topix index advanced 0.34%. Australia’s S&P/ASX 200 climbed 0.34%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded below the flatline.
Reference: CNBC
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