Australia Crosses 9,000 For First Time

Asia-Pacific markets mostly rose, with Australian stocks among the top gainers, breaking ranks with key Wall Street peers that saw declines led by tech stocks.

In Japan, the Nikkei lost 278.38 points, or 0.7%, to 42,610.17. Losses were led by Daiichi Sankyo, Socionext and Lasertec Corp.

Yields on Japan’s 20-year government bonds rose to 2.645%, after hitting a 26-year high earlier in the session. Yields on the 10-year government bonds ticked up to a 17-year high of 1.61%.

In Hong Kong, the Hang Seng retreated 61.33 points, or 0.2%, to 25,104.61.

Australia’s S&P/ASX 200 benchmark rose 1.13% to end the day at a record high of 9,019.1. Gains were led by food company OMG Group, which surged 114.29%, printing and technology firm 333D, which jumped 55.56% and battery technology manufacturer Janus Electric Holdings, which rose 46.47%.

CHINA

In Shanghai, the CSI 300 regained 16.67 points, or 0.4%, to 4,288.07.

Shares of tech major Baidu fell as much as 5% after its total revenue of 32.71 billion yuan ($4.56 billion U.S.) during the three months ended June 30 fell 3.7% from the same period a year earlier. Analysts on average had estimated quarterly revenue at 32.76 billion yuan, according to data compiled by LSEG.

In other markets

In Singapore, the Straits Times index inched up 11.36 points, or 0.3%, to 4,230.90

In Korea, the Kospi recovered 11.65 points, or 0.4%, to 3,141.74.

In Taiwan, the Taiex index climbed 336.69 points, or 1.4%, to 23,962.13

In New Zealand, the NZX 50 popped 122.77 points, or 0.9%, to 13,194.07