Crypto sell-off, Nikkei 225, Hang Seng Index
It overlooks the city with the Busan Tower in Yongdusan Park. Nampo-dong, Busan, South Korea.
Jungang Yan | An | Getty Images
Asia-Pacific markets were mostly higher on Tuesday after Wall Street fell as crypto sell-offs weighed on market sentiment.
in the night, bitcoin It traded below $86,000, down around 6%, marking its worst day since March and putting downward pressure on the broader stock market. The digital currency has struggled to stay above $90,000 since late last month, when it fell below that level for the first time since April. Other crypto-related stocks including: coinbase And StrategyIt also fell in Monday’s session.
Shares of AI-related names Broadcom and Super Micro Computer lost more than 4% and 1%, respectively, indicating greater profit taking in the sector.
Japan’s reference point Nikkei 225 While the index gained 0.54% at the opening, the Topix index gained 0.44%.
South Korea’s Kospi index rose 1.02%, while the small-cap Kosdaq fell 0.13%.
South Korea’s headline inflation in November increased by 2.4% on an annual basis. According to government data That increase on Tuesday exceeded the 2.35% rise economists had expected in a Reuters poll. Core inflation, which excludes fresh food and energy prices, increased by 2 percent compared to the previous year.
The fact that the last figure did not change compared to the October inflation rate supports the idea of the central bank keeping interest rates constant. The Bank of Korea kept interest rates unchanged at 2.5% at its fourth consecutive meeting last Thursday.
Australia’s ASX/S&P 200 rose 0.12%.
Hong Kong futures Hang Seng Index It marked a higher open, trading at 26,219 compared to the index’s previous close of 26,033.26.
U.S. stock futures were little changed in early Asian trading after all three major benchmarks ended a five-day winning streak.
Overnight, the S&P 500 index closed at 6,812.63 points with a loss of 0.53 percent, and the Nasdaq Composite index closed at 23,275.92 points with a loss of 0.38 percent. The Dow Jones Industrial Average fell 427.09 points, or 0.9%, to 47,289.33.
— CNBC’s Alex Harring and Fred Imbert contributed to this report.
