A consumer spends for his purchase at a dried food stall in Seoul, South Korea, on Thursday, March 3,2022 Photographer: SeongJoon Cho/Bloomberg by means of Getty Images
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Hong Kong stocks led gains in Asia-Pacific markets on Tuesday as Xiaomi shares rose, while financiers evaluated financial information from South Korea and Australia.
The Hang Seng index got 2.18% as traders returned from a vacation, with shares of Xiaomi leaping as much as 16% after the customer electronic devices business started taking orders on Thursday for its freshly introduced electrical car.
South Korea’s March inflation rate held stable at 3.1%, in line with expectations from economic experts surveyed by Reuters.
Australia’s factory activity contracted at its fastest rate considering that May 2020, with its getting supervisors’ index moving to 47.3 in March from 47.8 in February.
A personal study revealed India’s production sector broadened at its fastest rate in 16 years.
China’s CSI 300 index fell 0.42% to end at 3,58068, snapping a three-day winning streak.
South Korea’s Kospi closed 0.19% greater at 2,75316, however the Kosdaq moved 2.29% to 891.59 after the inflation reading.
In Australia, the S&P/ ASX 200 climbed up slipped 0.14% to 7,886, pulling back from fresh all-time highs.
Japan’s Nikkei 225 rebounded to close 0.09% greater at 39,83891, while the broad-based Topix ended 0.25% down at 2,71445
Overnight in the U.S., all 3 significant indexes ended combined as the standard 10- year Treasury yield climbed up 13 basis indicate 4.319%
The 30- stock Dow Jones Industrial Average lost 0.6%, and the S&P 500 dipped 0.2% The tech-heavy Nasdaq Composite included 0.11%.
— CNBC’s Pia Singh and Samantha Subin added to this report.
