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Shares in Asia-Pacific were mixed on Tuesday following overnight gains on Wall Street that took the major indexes to record closing highs. Meanwhile, bitcoin touched a record high.

Shares of Japanese conglomerate SoftBank Group soared 10.5% after the firm announced a plan to buy back up to one trillion yen ($8.83 billion) of its own shares. SoftBank on Monday reported a 398 billion yen ($3.5 billion) net loss in the three-month period ended Sept. 30.

Japan’s broader Nikkei 225 dipped 0.75% to close at 29,285.46 while the Topix index fell 0.81% to 2,018.77.

Mainland Chinese stocks finished the trading day higher as the Shanghai composite climbed 0.24% to 3,507 while the Shenzhen component advanced 0.435% to 14,571.93. Hong Kong’s Hang Seng index rose about 0.1% as of its final hour of trading.

South Korea’s Kospi closed fractionally higher at 2,962.46. In Australia, the S&P/ASX 200 fell 0.24% on the day to 7,434.20.

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.23%.

 

·       European markets flat ahead of U.S. inflation data

Investors are looking ahead to fresh inflation readings in the U.S. in the next few days with the latest producer price index due Tuesday and the consumer price index slated expected on Wednesday.

·         Stock futures are muted after major averages’ record setting Monday

U.S. stock futures were slightly lower during early morning trading on Tuesday after the major averages closed at records, boosted by strength in infrastructure stocks.

Futures contracts tied to the Dow Jones Industrial Average dipped 63 points. S&P 500 futures and Nasdaq 100 futures both traded in mildly negative territory.

 

·         Musk's potential Tesla stake sale follows share surge

Should Elon Musk decide to unload some of his stake in Tesla Inc (TSLA.O), he will be capitalizing on a massive rally that has made the electric-vehicle maker one of the world's most valuable companies.

The Tesla chief asked his Twitter followers on Saturday if he should sell 10% of his Tesla stake. Nearly 58% said they would support such a sale, leading the stock to fall 4.9% when trading resumed on Monday.

 

Reference: CNBC, Reuters