Ulsan city skyline from the Hamwolru Pavilion. People can enjoy beautiful cityscape for free. Ulsan, South Korea.
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Investment firm SoftBank Group snapped its nine-day winning streak Tuesday after its shares plunged as much as 5.69% following its announcement of a $2 billion investment in Intel. As part of the deal, SoftBank will pay $23 per share for Intel’s common stock, which closed at $23.66 on Monday.
Meanwhile, Asia-Pacific markets traded mixed Tuesday following declines on Wall Street overnight ahead of the U.S. Federal Reserve meeting later this week.
Investors also assessed the talks between U.S. President Donald Trump, Ukraine’s President Volodymyr Zelenskyy and European leaders at the White House, aimed at stopping the Moscow-Kyiv conflict.
Japan’s Nikkei 225 benchmark ticked down 0.12% in choppy trade, after closing at a record high in its previous session, while the broader Topix index was flat.
In South Korea, the Kospi index fell 0.31% while the small-cap Kosdaq declined by 0.71%.
Mainland China’s CSI 300 moved up 0.13%, after closing at its highest level since October 2024 in its previous session, while Hong Kong’s Hang Seng Index edged up 0.19%.
Australia’s S&P/ASX 200 dropped 0.74%.
U.S. equity futures were little changed in early Asia hours, at the start of a week filled with retail earnings and speeches from Fed officials.
Overnight stateside, all three key benchmarks ended the day near the flatline.
The Dow Jones Industrial Average dropped 34.30 points, or 0.08%, to close at 44,911.82. The S&P 500 closed down 0.01% and ended at 6,449.15, while the Nasdaq Composite inched up 0.03% to settle at 21,629.77.
Shares of two of the so-called magnificent seven stocks Meta Platforms and Microsoft dropped about 2.3% and 0.6%, weighing on the broader market.
— CNBC’s Yun Li, Pia Singh and Alex Harring contributed to this report.