Downtown Sydney City Waterfront City skyline at night with bright lighting from a modern architectural landmark in Sydney, Australia.
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The Asia-Pacific market mixed on Tuesday, trading focusing on the Reserve Bank of Australia’s interest rate decisions.
According to a Reuters poll, the RBA is expected to stabilize its cash rate at 3.6%.
“The Reserve Bank of Australia policy meeting on Tuesday is a key event in the Asia-Pacific region,” said Shier Lee Lim, lead FX and macro strategist at APAC in Conbana.
“Changes in tone or forward guidance could potentially move Aud Cross, particularly after recent volatility in building approvals, with an expected 2.8% increase in August following an 8.2% drop in August,” she added.
Australia’s S&P/ASX 200 rose 0.1%. Japan Nikkei 225 Topix lost 0.21% and slid 0.17%. South Korea Kospi I added 0.27%, but Kosdaq went 0.18%.
Hong Kong’S Hang Seng Index Futures were 26,735, with HSI’s final closure higher than 26,622.88.
Three major averages were closed in the state overnight. The S&P 500 lost a bit of steam as Wall Street regained some of its footing a week later.
The broad market index rose 0.26% to finish at 6,661.21, while NASDAQ composites closed at 22,591.15, up 0.48%. The Dow Jones industrial average rose 68.78 points (0.15%) to 46,316.07.
—CNBC’s Sean Conlong and Yun Lee contributed to this report.
