- Overnight on Wall Street, the S&P 500 and Nasdaq Composite rose to all-time highs.
- In corporate developments, Chinese tech giant Alibaba's affiliate Ant Group on Tuesday filed for a concurrent listing on the Shanghai Stock Exchange's STAR market — a Nasdaq-style tech board — and the Hong Kong stock exchange.
Stocks in Asia Pacific were set for a mixed start as major indexes on Wall Street notched new records yet again overnight.
Futures pointed to a mixed open for stocks in Japan. The Nikkei futures contract in Chicago was at 23,315 while its counterpart in Osaka was at 23,270. That compared against the Nikkei 225's last close at 23,296.77.
Shares in Australia were poised to slip, with the SPI futures contract at 6,094.0, as compared to the S&P/ASX 200's last close at 6,161.40.
In corporate developments, Chinese tech giant Alibaba's affiliate Ant Group on Teusday filed for a concurrent listing on the Shanghai Stock Exchange's STAR market — a Nasdaq-style tech board — and the Hong Kong stock exchange. Ant Group, which runs the highly popular Alipay mobile payments app in China, has not disclosed details about the pricing of its shares.
Overnight on Wall Street, the S&P 500 and Nasdaq Composite rose to all-time highs. The broader market index added 0.4% to close at 3,443.62 while the tech-heavy Nasdaq gained 0.8% to end its trading day at 11,466.47. The Dow Jones Industrial Average lagged as it declined 60.02 points, or 0.2%, to close at 28,248.44 — snapping a three-day winning streak.
The moves stateside came on the back of mixed economic data. U.S. Census on Tuesday reported a 36% surge in sales of newly built homes in July. The Conference Board Consumer Confidence Index, however, fell for a second straight month to 84.8 in August from July's 91.7.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 93.019 from levels above 93.2 seen earlier in the trading week.
The Japanese yen traded at 106.36 per dollar after seeing levels around 106.5 against the greenback yesterday. The Australian dollar changed hands at $0.7194, in a trading week that has seen in mostly trading between $0.716 and $0.72.
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