Asian markets were mixed with Baidu’s volatility in Hong Kong for the first time
Asian markets were mixed in early trading on Tuesday, as stocks sank in Hong Kong and mainland China after making gains early in the session.
Hong Kong’s Hang Seng HSI,
Down 1.3%, Shanghai Composite SHCOMP,
It fell 1.2% and smaller Shenzhen Composite fell 399,106,
It decreased 1.3%. Nikkei 225 Japanese NIK Index,
It rose 0.2%. Kospi in South Korea 180721,
Down 0.4% and the Australian S & P / ASX 200 XJO,
Little changed. FBMKLCI stocks fell in Malaysia,
But it acquired the STI in Singapore,
And Taiwan Y9999,
With JAKIDX Indonesia,
petition.
Chinese internet search giant Baidu made a disappointing appearance in Hong Kong’s $ 3 billion bid, With stocks rising only slightly From the opening price. Baidu US Depository Receipts, BIDU,
It jumped more than 3% on Monday.
US stock indices closed higher on Monday. Dow Jones Industrial Average DJIA,
It rose 103.23 points, or 0.3%, to close at 32731.20, snapping a two-session losing streak, while the S&P 500 SPX,
It added 27.49 points, or 0.7%, to close at 3,940.59, also ending a two-session low. Nasdaq Composite Index,
An advance of 162.31 points, closing at 13,377.54, an increase of 1.2%.
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