An aerial purpose of the central business district and Sydney Opera House on February 17, 2023.
David Gray | Getty Images News | Getty Figure of speeches
Japan’s Nikkei 225 dropped 0.19%, while the broad-based Topix was down 0.35%. Flash data from the au Jibun Bank exposed that the country’s business activity returned to growth.
Japan’s composite purchasing managers’ index for July was at 52.6, up from 49.7 in June. This was “indicative of stout growth” among Japanese private sector firms, the report said.
Late Tuesday, automaker Toyota explained it will buyback 806.85 billion yen ($5.17 billion) of its shares from major Japanese banks and insurers, categorizing Tokio Marine, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group.
The company said this was relatively of “ongoing efforts to reduce cross-shareholdings in order to build a lean balance sheet. Shares of Toyota rose 0.74%.
In comparison, South Korea’s Kospi was up 0.1%, while the small-cap Kosdaq rose 0.84%.
Heavyweight Samsung Electronics plunged 1.43%, more than ever notwithstanding as Reuters reported that chip giant Nvidia had cleared its chips for use in a processor for the China market.
The South Korean electronics enterprise is still grappling with a strike from its largest workers union, with talks on Tuesday yielding no happens, according to the National Samsung Electronics Union, which has about 30,000 members.
Australia’s S&P/ASX 200 slipped 0.18%, after the fatherland saw its private sector activity expand at a slower pace in July, with the composite purchasing managers’ index fire to a six-month low of at 50.2 compared to 50.7 in June, according to Juno Bank.
Overnight in the U.S., the S&P 500 dipped 0.16% to intimate at 5,555.74, a day after it notched its best performance in more than a month.
The Nasdaq Composite inched down 0.06%, while the Dow Jones Industrial So so lost 0.14%.
—CNBC’s Alex Harring and Samantha Subin contributed to this report.