China’s stock markets were mixed on Tuesday as Asia-Pacific markets saw gains despite Wall Street’s decline. The S&P 500 and Nasdaq Composite pulled back from record highs ahead of key U.S. inflation data. Investor sentiment improved after Beijing announced plans for more proactive fiscal measures and moderately looser monetary policy next year to boost domestic consumption.
The CSI 300 index in mainland China rose 0.74%, closing at 3,995.64, after trimming earlier gains. In contrast, Hong Kong’s Hang Seng index fell 0.2% by its final trading hour, following a near 3% surge the previous evening after Beijing’s policy announcement.
China’s bond market also reacted, with the 10-year bond yield reaching a record low of 1.893%. This reflects optimism around Beijing’s economic support plans and expectations of a favorable monetary environment.
South Korea’s Kospi index led regional gains, jumping 2.43% to 2,417.84, marking its best day in almost three months. Meanwhile, the small-cap Kosdaq soared 5.52% to 661.59, driven by investor focus on domestic political developments.
In Australia, the S&P/ASX 200 dipped 0.36% to 8,393 after the Reserve Bank of Australia kept its benchmark interest rate steady at 4.35% for the 10th consecutive time, signaling a cautious economic outlook.
