Asia Mostly Down, RBA Keeps Rate Intact

Stocks in Asia-Pacific were mixed on Tuesday following strong gains overnight for shares on Wall Street.

The Nikkei 225 dropped 255.33 points, or 0.9%, to 29,663.50.

The Japanese yen traded at 106.85 per U.S. dollar, still weaker than levels below 105.7 against the greenback seen last week.

In Hong Kong, the Hang Seng fell 356.71 points, or 1.2%, to 29,095.86.

The Reserve Bank of Australia (RBA) on Tuesday announced its decision to maintain its current policy settings, including leaving its cash rate at 0.1%.

The Australian dollar changed hands at $0.7745 following an earlier high of $0.778.

In other markets

In China, the CSI 300 let go of 69.15 points, or 1.3%, to 5,349.63.

In Taiwan, the Taiex returned from a long weekend to ditch 6.92 points to 15,946.88.

It was also a brand new week for Korea’s Kospi, which gained 30.92 points, or 1%, to 3,043.87.

In Singapore, the Straits Times index inched ahead 0.87 points to 2,973.87

In New Zealand, the NZX 50 jumped 42.68 points, or 0.4%, to 12,344.49.

In Australia, the ASX 200 sagged 27.28 points, or 0.4%, to 6,762.27