APAC markets turn out mixed

Tuesday saw a mixed performance for equities in the Asia-Pacific region as robust gains for Australian miners and Chinese real estate firms were countered by quiet trading in Hong Kong and Japan.

Mainland China finished on a high note. The Shenzhen Component increased by roughly 0.08 percent to 12,470.11 and the Shanghai Composite increased by 0.05 percent to 3,277.89.

The Hang Seng index in Hong Kong dropped 1.05 percent for the day. The MSCI Asia-Pacific ex-Japan broadest index of equities fell 0.02 percent.

The Nikkei 225 index of Japan closed unchanged at 28,868.91, while the Topix index fell 0.15 percent to 1,981.96. The Kospi ended the day up 0.22 percent at 2,533.52.

The major miners all posted significant returns, with BHP’s increase of 4.09 percent following a stellar full-year profit result leading the pack with a 0.58 percent gain to 7,105.4 on the S&P/ASX 200 in Australia.

According to recent data from India’s Office of the Economic Adviser, the annual wholesale price inflation rate decreased to 13.93 percent in July from 15.18 percent in June, beating market expectations of 14.2 percent.

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