NEW YORK (CNBC) -
Markets in the Asia-Pacific traded mixed after Wall Street ended its four-day losing streak as global bonds rose after the Bank of Japan adjusted its yield curve control tolerance.
Japan continued its second day of losses, as the Nikkei 225 fell 0.68% to 26.387.72 and the Topix lost 0.64% to 1,893.32. The Japanese yen stood at 131.97 against the U.S. dollar. The Kospi in South Korea erased earlier gains and traded 0.19% lower to 2,328.95.
The S&P/ASX 200 in Australia rose 1.29% to 7,115.1 as the country’s foreign minister Penny Wong is slated to meet her Chinese counterpart Wang Yi in Beijing. Wong told reporters before departing for the trip that she will push China to lift trade sanctions and seek consular access for two detained Australians.
Hong Kong’s Hang Seng index gained 0.22% as Chief Executive John Lee is scheduled to travel to Beijing as part of his annual visit until Saturday to brief state leaders on the city’s economic, social and political situation.
In mainland China, the Shenzhen Component fell 0.34% to 10,912.08 and the Shanghai Composite fell 0.17% to 3,068.4.
Indonesia will implement a ban on bauxite exports starting from June next year, President Joko Widodo announced in a briefing broadcast.
The ban comes after nickel export ban that took effect in January 2020, and is seen to be part of a wider government move to stimulate domestic processing of its mineral resources.
Indonesia is the sixth largest producer of bauxite, which is key component of aluminum.
Aluminum prices traded up 0.84% at $2,391.5 per tonne. The government had also last year mulled a ban of copper shipments in 2023.