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":3,"featured_media":265132,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[8000,4740,133,64,81,960,7994,7995,135,7997,15242,67,132,68],"class_list":{"0":"post-265131","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-asia-economy","9":"tag-australia","10":"tag-breaking-news-markets","11":"tag-business","12":"tag-business-news","13":"tag-chicago","14":"tag-hang-seng-index","15":"tag-kospi-index","16":"tag-markets","17":"tag-nikkei-225-index","18":"tag-osaka","19":"tag-united-states","20":"tag-unitedstates","21":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115290388852796554","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/265131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=265131"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/265131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/265132"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=265131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=265131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=265131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}