Chinese flags and Hong Kong flags are hung in Tsim Sha Tsui district on Oct. 4, 2023 in Hong Kong, China. The Chinese government imposed a National Security Law in the special administrative region on June 30, 2020.
Alex Wong | Getty Images News | Getty Images
Asia-Pacific markets were mixed Tuesday. Japan’s Nikkei 225 index edged higher, while South Korean markets opened lower.
Trading sentiment was subdued following a pause in Wall Street’s rally on Monday as its main indexes retreated from record highs.
Major economic data this week include China’s manufacturing purchasing managers’ index and the U.S. personal consumption expenditures price index data, which is the Federal Reserve’s preferred inflation metric.
Japan’s Nikkei 225 rose 0.3%, after hitting a record high in the previous session. The broader Topix index gained 0.1%.
South Korea’s Kospi edged 0.1% lower, while the small cap Kosdaq fell 0.3%.
Futures for Hong Kong’s Hang Seng index stood at 16,660, pointing to a slightly higher open compared with the HSI’s close of 16,634.74.
In Australia, the S&P/ASX 200 was 0.4% lower.
The S&P 500 retreated from record highs notched last Friday as investors awaited key inflation data.
The benchmark index fell 0.38%, while the Nasdaq Composite declined 0.13%. The Dow Jones Industrial Average slipped 62.30 points, or 0.16%.
â CNBC’s Hakyung Kim and Tanaya Macheel contributed to this report.