Waterfront city skyline of Sydney city downtown at night with bright illumination of modern architectural landmarks in Sydney, Australia.<\/p>\n
Prasit Photo | Moment | Getty Images<\/p>\n
Asia-Pacific markets traded mixed Tuesday with focus on the Reserve Bank of Australia’s interest rate decision later in the day.<\/p>\n
The RBA is expected to hold its cash rate steady at 3.6%, according to a\u00a0Reuters poll<\/a>, as high inflation has restricted its ability to loosen monetary policy.<\/p>\n “The Reserve Bank of Australia’s policy meeting on Tuesday is the key event in the Asia-Pacific region,” said Shier Lee Lim, lead FX and macro strategist of APAC in Convera.<\/p>\n “Any shift in tone or forward guidance could move AUD crosses, especially after recent volatility in building approvals, with August expected to show a 2.8% rise following July’s 8.2% drop,” she added.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a> rose 0.1%. Japan’s Nikkei 225<\/a> slipped 0.17%, while the Topix lost 0.21%. South Korea’s Kospi<\/a> added 0.27%, while the Kosdaq advanced 0.18%.<\/p>\n Hong Kong’s Hang Seng index<\/a> futures were at 26,735, higher than the HSI’s last close of 26,622.88.<\/p>\n Overnight stateside, the three major averages closed higher. The\u00a0S&P 500<\/a>\u00a0rose as Wall Street regained some of its footing after a week in which the artificial intelligence trade lost a bit of steam.<\/p>\n The broad market index climbed 0.26% to finish at 6,661.21, and the\u00a0Nasdaq Composite<\/a>\u00a0advanced 0.48% to close at 22,591.15. The\u00a0Dow Jones Industrial Average<\/a>\u00a0settled up 68.78 points, or 0.15%, at 46,316.07.<\/p>\n \u2014CNBC’s Sean Conlon and Yun Li contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"Waterfront city skyline of Sydney city downtown at night with bright illumination of modern architectural landmarks in Sydney,…\n","protected":false},"author":2,"featured_media":51734,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[4635,986,964,72,122,2193,8176,61,60,11238,123,8493,5922],"class_list":["post-51733","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-asia-economy","tag-australia","tag-breaking-news-markets","tag-business","tag-business-news","tag-chicago","tag-hang-seng-index","tag-ie","tag-ireland","tag-kospi-index","tag-markets","tag-nikkei-225-index","tag-osaka"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/51733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=51733"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/51733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/51734"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=51733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=51733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=51733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}