Asian markets mixed after Wall Street saw tech sales.
Asia-Pacific markets were mixed on Tuesday after Wall Street’s tech sale that knocked Tesla down 6 percent as Goldman Sachs downgraded the electric automaker, citing price fluctuations.
Other big tech names like Nvidia, Alphabet and Meta Platforms also lost more than 3 percent.
In Australia, the S&P/ASX 200 opened with 0.66 percent gain ahead of May inflation figures for tomorrow, giving a clue to the Reserve Bank of Australia’s interest rate moves in August.
In Japan, the Nikkei 225 fell 0.78 percent, widening its losses after three consecutive days of declines, and Topix saw a smaller loss of 0.53 percent.
Kospi and Kosdaq from South Korea also saw drops, falling 0.1 percent and 0.75 percent, respectively.
Hong Kong’s Hang Seng index rebounded from a five-day streak of losses and opened up 1.58 percent. Mainland Chinese markets were also in positive territory, with the Shanghai Composite Index rising 0.19 percent and the Shenzhen Component Index rising 0.49 percent.