· Asia shares mixed, dollar steady ahead of U.S. inflation
Asia’s share markets were mixed and the dollar held steady on Tuesday, with investors awaiting U.S inflation data for more clues on when the Federal Reserve will taper stimulus.
China’s tightening grip on its technology companies and a widening liquidity crisis for the country’s most indebted developer continued to keep investors on edge in early trade.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.13%.
In Hong Kong, China Evergrande Group’s stock plunged nearly 10% after the embattled property developer on Tuesday flagged expectations for a “significant continuing decline in contract sales in September,” with dampened confidence after negative media reports surrounding the firm.
Shares of China Evergrande New Energy Vehicle and Evergrande Property Services, units that Evergrande has been attempting to sell, also plummeted 22.72% and 8.3% respectively. Evergrande Group said Tuesday that it was “uncertain” whether it will be able to make any such sale.
· China's blue-chips fall as Evergrande woes weigh on property, financials
Chinese blue-chips fell on Monday, dragged by real estate and financials after the country’s most-indebted developer warned of a risk of a cross-default.
The CSI300 index fell 0.3% to 4,975.68 at the end of the morning session, while the Shanghai Composite Index was unchanged at 3,715.12.
The Hang Seng index dropped 0.1% to 25,789.55. The Hong Kong China Enterprises Index lost 0.4% to 9,202.87.
· Japan's Nikkei ends at over 31-year high as cyclicals shine
Japan’s Nikkei closed at a more than 31-year high on Tuesday, led by cyclical stocks tracking overnight Wall Street gains, while progress in domestic vaccine rollouts raised hopes for an economic reopening.
The Nikkei share average ended up 0.73% at 30,670.10, its highest since August 1990. The broader Topix jumped 1.01% to 2,118.87.
· India's Nifty 50 hits record high on auto, banking boost; Zee soars
The NSE Nifty 50 index (.NSEI) was up 0.4% at 17,424.4 by 0458 GMT after touching a peak at 17,438.55. The S&P BSE Sensex (.BSESN) gained 0.39% to 58,407.43.
· European markets flat as investors await U.S. inflation data
· Stock futures inch higher after Dow, S&P snap 5-day losing streak
U.S. stock index futures were modestly higher during early morning trading on Tuesday, after the S&P 500 finished Monday in positive territory, snapping a five-day losing streak.
Futures contracts tied to the Dow Jones Industrial Average rose 24 points. S&P 500 futures gained and Nasdaq 100 futures were both in mildly positive territory.
Reference: CNBC, Reuters
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