Shares in Asia-Pacific were mixed on Tuesday, with Chinese stocks among the biggest losers regionally.
In Japan, the Nikkei 225 recovered 35.65 points, or 0.1%, to 27,284.52.
Shares of conglomerate SoftBank Group slipped 0.9%, with the firm announcing plans to take Arm public after a planned sale of the subsidiary to Nvidia collapsed due to “significant regulatory challenges.”
The Japanese yen traded at 115.50 per U.S. dollar, weakening after trading close to 115 against the greenback earlier.
In Hong Kong, the Hang Seng Index plummeted 250.06 points, or 1%, to 24,329.49, with Chinese tech stocks in the city dropping.
Alibaba plunged 2.3% and Tencent declined 1.4% while Meituan slipped 2%.
The Australian dollar was at $0.712 after yesterday’s climb from below $0.708.
CHINA
In Shanghai, the CSI 300 lost 25.32 points, or 0.6%, to 4,608.77
Market sentiment on China stocks may have taken a hit after the U.S. Commerce Department said Monday it had added 33 Chinese entities to a red-flag export list. One of the affected firms, WuXi Biologics, saw its Hong Kong-listed stock plunge more than 20% before trading was halted on Tuesday.
In other markets
In Singapore, the Straits Times index climbed 35.26 points, or 1.1%, to 3,401.74.
In Korea, the Kospi index nicked higher 1.41 points to 2,746.47.
In Taiwan, the Taiex index gained 66.26 points, or 0.4%, to 17,966.56
In New Zealand, the NZX 50 jumped 39.78 points, or 0.3%, to 12,319.35.
In Australia, the ASX 200 regained 75.84 points, or 1.1%, to 7,186.69.