SINGAPORE — Stocks in Asia-Pacific were mixed in Tuesday trade following overnight gains on Wall Street that sent the major averages to record highs.
In Japan, the Nikkei 225 gained 1.96% — trading at levels not seen since August 1990, according to data from Refinitiv. Shares of index heavyweight Fast Retailing and conglomerate Softbank Group gained more than 3% each. The Topix index advanced 1.36%.
South Korea's Kospi was fractionally lower.
Mainland Chinese stocks were lower by the afternoon, with the Shanghai composite down 0.33% while the Shenzhen component dipped 0.338%. Hong Kong's Hang Seng index gained 1.05%.
Shares in Australia rose following their return from a Monday holiday, with the S&P/ASX 200 up 0.44%.
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.47%.
Overnight on Wall Street, the Dow Jones Industrial Average gained 0.7% to close at 30,403.97. The S&P 500 rose 0.9% to finish its trading day at 3,735.36 while the Nasdaq Composite closed 0.7% higher at 12,899.42.
The gains stateside came after U.S. President Donald Trump signed a $900 billion coronavirus relief package into law, with the measure including a direct payment of $600 to most Americans. Trump had previously demanded a $2,000 direct payment days before the signing. The House voted Monday to increase the second round of federal direct payments to $2,000, leaving it up to the GOP-controlled Senate.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.11 following an earlier high of 90.227.
The Japanese yen traded at 103.65 per dollar after weakening yesterday from around the 103.4 level against the greenback. The Australian dollar changed hands at $0.7595, having slipped from levels above $0.76 yesterday.
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.47% to $51.10 per barrel. U.S. crude futures gained 0.52% to $47.87 per barrel.
— CNBC's Jacob Pramuk contributed to this report.
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