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An aerial photo shows containers at Beilun Port in Ningbo, Zhejiang province, China, on April 11, 2024.
Noor Photo | Noor Photo | Getty Images
Asia-Pacific markets were broadly lower on Tuesday, tracking overnight losses in the S&P 500 and Nasdaq, as investors assessed industrial profit data from China.
China Industrial profits rose 3.6% in January-July On an annual basis, compared to growth of 3.5% between January and June.
Hong Kong Hang Seng Index The Shanghai Stock Exchange Index rose 0.4% in the final hour of trading, while China's CSI 300 Index fell 0.57% to close at 3,305.33.
Japan Nikkei 225 Index The Nasdaq Composite Index rose 0.47% to close at 38,288.62, while the broader Topix Index rose 0.73% to close at 2,680.80. They were the only two major indexes in positive territory.
South Korea Cosby The Tokyo Stock Exchange's 100 Index fell 0.32% to close at 2,689.25, while the small-cap Kosdaq Index lost 0.24% to close at 764.95.
Australia's S&P/ASX 200 index fell 0.16% to close at 8,0845. Earlier in the trading day, the index came close to breaking its all-time closing high of 8,114.7, set on August 1.
Oil prices continued to rise late Monday after Israel and Hezbollah traded blows over the weekend, with U.S. West Texas Intermediate crude rising 3.5% to close at $77.42 a barrel and Brent crude rising 3.05% to $81.43 a barrel, its highest level in about two weeks.
Oil prices pared some gains later on Tuesday, with West Texas Intermediate crude futures trading at $77.02 a barrel and Brent crude at $81.07 a barrel.
Overnight in the United States, the Dow Jones Industrial Average on Wall Street hit new highs, closing up 65.44 points, or 0.16%, at 41,240.52. Standard & Poor's 500 and Nasdaq Composite Banking stocks fell 0.32% and 0.85%, respectively.
—CNBC's Lisa Kaylai Han and Alex Haring contributed to this report.
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