Asia-Pacific equities mixed on Tuesday

Equities markets in the Asia-Pacific region were mixed on the session. Among gainers, the Kospi index was 0.49 percent higher to 1,932.89 in South Korea while Hong Kong’s Hang Seng index was up 0.5 percent to 27,803.35. The Taiex gained 0.65 percent to 8,727.21. In Australia, the Sydney Ordinaries added 0.73 percent to 6,570.9 and the S&P/ASX200 was up 0.93 percent to 6,515.2. India’s Sensex jumped 1.59 percent to 19,035.48. Losers on the day included the Shanghai Composite, which was down 0.57 percent to 5,158.12. The Straits Times index was 1.02 percent lower to 3,475.47 in Singapore.

Tokyo’s main indices fell for the eighth session in a row, with the Nikkei 225 down 0.46 percent to 15,126 and the Topix index 0.11 percent lower to 1,454.73. The Mothers market, however, gained 1.55 percent to 830.02. A report of gains in consumer spending in the past quarter helped retailers and the real estate sector see gains. Exporters were higher on a stronger yen, but automobile manufacturers were mixed on the session.

European markets were mixed again Tuesday, with the Dax again being the major decliner with a drop of 0.38percent to 7,777.56. Otherwise, indices saw gains. The FTSE Eurofirst 300 added 0.27 percent to 1,516.42, while the Paris CAC-40 gained 0.06 percent to 5,538.91 and Madrid’s IBEX was up 0.25 percent to 15,814.8. Airlines and the telecommunications sector were higher, while carmakers were mixed and the oil sector saw declines.

London’s equities markets saw gains on the session as the FTSE 100 added 0.39 percent to 6,362.4 and the FTSE 250 gained 0.24 percent to 10,920.2. The telecommunications sector saw gains here as well, as did the media sector, shipbuilders and some in financial services. There were declines among the oil sector, miners, and homebuilders.

Wall Street saw gains in midday trade. The Dow Jones Industrial Average was 1.29 percent higher to 13,154.84 while the Nasdaq Composite gained 1.89 percent to 2,632.88 and the S&P 500 added 1.27 percent to 1,457.44. Retailers were up amid better than expected results while some banks and mortgage lenders also did well.

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