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Hong Kong’s Hang Seng index jumps more than 2%, leading gains as Asia-Pacific stocks rise

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SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday morning trade, with investors looking ahead to the release of meeting minutes from the Reserve Bank of Australia.

The Nikkei 225 in Japan slipped 0.13% in early trade while the Topix index hovered above the flatline.

South Korea’s Kospi climbed 0.46% while the S&P/ASX 200 in Australia traded 0.15% higher.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.25% higher.

The Reserve Bank of Australia is set to release minutes from its monetary policy meeting on Tuesday at 9:30 a.m. HK/SIN. Earlier in May, the Australian central bank announced its first rate hike in more than a decade.

“The main interest of the Minutes is whether they give any insight into the appetite of the RBA to do a supersized 40-50bp hike,” Tapas Strickland, an economist at National Australia Bank, wrote in a Tuesday note.

Overnight stateside, the S&P 500 shed 0.39% to 4,008.01 while the tech-heavy Nasdaq Composite dropped 1.2% to 11,662.79. The Dow Jones Industrial Average climbed 26.76 points, or 0.08%, to 32,223.42.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 104.168 — off levels above 104.5 seen recently.

The Japanese yen traded at 128.89 per dollar, stronger as compared with levels above 130 seen against the greenback last week. The Australian dollar was at $0.6972 following a recent bounce from below $0.693.

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