SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday trade as investors in the region continued to track developments surrounding the omicron variant.
Hong Kong’s Hang Seng index led losses among the region’s major markets, falling 1.09% by the afternoon.
Shares of Suncity Group in Hong Kong plummeted nearly 40% to 0.154 Hong Kong dollars ($0.02) per share after the firm’s chairman was recently arrested by Macao police for alleged links to illegal cross-border gambling activities.
Data released Tuesday showed Chinese factory activity unexpectedly growing in November, with China’s official manufacturing Purchasing Managers’ Index for November coming in at 50.1. That was above expectations by analysts in a Reuters poll for a reading of 49.6.
PMI readings below 50 represent contraction while those above that level signify expansion. PMI readings are sequential and represent month-on-month expansion or contraction.
Elsewhere, Japan’s Nikkei 225 rose 0.51% while the Topix index climbed 1.02%.
MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.1%.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.137 after rising to around 96.4 recently.
The Japanese yen traded at 113.61 per dollar, weaker than levels below 113.4 seen against the greenback yesterday. The Australian dollar was at $0.7144, still struggling to recover after last week’s drop from above $0.725.