Asia-Pacific markets were mixed on Wednesday, following a slide on Wall Street after government bond yields rose and major U.S. technology stocks fell.
Hong Kong’s Hang Seng index fell 1.01% and mainland China’s CSI 300 fell 0.22%, while China’s mainland yuan fell to a 16-month low of 7.3316 against the dollar.
Japan’s Nikkei 225 fell 0.26% to 39,981.06, while the Topix lost 0.59% to 2,770. South Korea’s Kospi rose 1.16% to close at 2,521.05 while the Kosdaq index rose 0.19% to 719.63.
Shares in South Korean tech giant Samsung Electronics rose 3.43% in choppy trading, shrugging off a worse-than-expected fourth-quarter profit forecast.
The world’s largest memory chip maker said its operating profit for the quarter ended Dec. 31 would be about 6.5 trillion won ($4.47 billion), missing LSEG’s estimate of 7.7 trillion won, SEEbiz reports .
Australia’s S&P/ASX 200 traded 0.77% higher to close at 8349.1.
