Asia Mixed, as Investors Watch Techs

Shares in Asia-Pacific were mixed on Tuesday, as investors monitored technology stocks regionally after their counterparts declined on Wall Street overnight.

Japanese markets were shuttered for holiday Tuesday.

The Japanese yen traded at 105.13 per dollar, stronger than levels above 105.6 against the greenback seen yesterday.

In Hong Kong, the Hang Seng restocked 312.81 points, or 1%, to 30,632.64.

Technology shares in Asia fell on Tuesday, with Hong Kong-listed shares of Alibaba shedding 1.2%. Xiaomi dropped 3.1% and Kuaishou plunged 5.24%. South Korea’s LG Electronics fell 5.12% while Samsung Electronics dipped 0.24%.

In other tech developments, Facebook reached an agreement with the Australian government and will restore news pages in the country again, just days after restricting them.

On the earnings front, HSBC said Tuesday its reported profit before tax for 2020 fell 34% from a year ago to $8.8 billion. It also declared an interim dividend of 15 cents per share.

The bank’s profit was above analyst expectations of $8.3 billion for the whole of last year, based on estimates compiled by the London-headquartered bank. Shares of HSBC in Hong Kong gained 0.43% on Tuesday.

The Australian dollar changed hands at $0.7905, largely holding on to gains following its surge late last week from around $0.777.

In other markets

In China, the CSI 300 lost 17.66 points, or 0.3%, to 5,579.67.

In Taiwan, the Taiex index gained 33.24 points, or 0.2%, to 16,443.40.

In Singapore, the Straits Times index added 9.49 points, or 0.3%, to 2,890.70.

In Korea, the Kospi slid 9.66 points, or 0.3%, to 3,070.09

In New Zealand, the NZX 50 slumped 37.4 points, or 0.3%, to 12,388.84.

In Australia, the ASX 200 recovered 58.28 points, or 0.9%, to 6,839.17.