Asia-Pacific equities mixed on session

European markets were much lower on Tuesady as most major markets dropped more than 1 percent on the session. The FTSE Eurofirst 300 fell 1.06 percent to 1,608.25. In Madrid, the IBEX was 1.01 percent lower to 14,823.9, while the Dax dropped 1.39 percent to 7,964.76 and the Paris CAC-40 was down 1.4 percent to 6,019.22. Carmakers declined, with the biggest losses both on the Dax and in Paris. Banks were also lower, but industrial gases, semiconductors, and property groups were higher.

The FTSE 100 and FTSE 250 were both also lower. The 100 was 1.14 percent lower to 6,636.4,l while the 250 fell 1.08 percent to 11,732.1. Miners declined on bids rumors, while despite the general declines property developers, retailers, and the public transport sector all saw gains.

Wall Street declined in midday trade, with the Dow Jones Industrial Average 0.22 percent lower to 13,619.81, the Nasdaq Composite fell 0.36 percent to 2,660.48, and the S&P 500 was down 0.44 percent to 1,525.12. Retailers were mixed on disappointing outlooks, while soft drink bottlers and carmakers were up at noon. House builders were lower after a warning from within the sector.

Asia-Pacific equities were mixed on Tuesday. Gainers included the Hang Seng index in Hong Kong, which gained 0.3 percent to 22,885.84. In Singapore, the Straits Times Index was 0.63 percent higher to 3,641.3. The Sensex dropped 0.24 percent to 15,009.88 in India, while in Australia, the Sydney Ordinaries were 0.49 percent lower to 6,397.8. The Tokyo markets also saw losses, with the Nikkei 225 down 0.1 percent to 18,252.67 and the Topix 0.2 percent lower to 1,789.2. The electronics sector was lower, as were condiment makers and camera and copier manufacturers. There were gains, however, among electronics retailers.

Story link: Asia-Pacific equities mixed on session