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Asian stocks ended mixed on Tuesday, with Japanese markets<\/span> closed for a public holiday and Hong Kong preparing for Typhoon Ragasa, which is expected to pass the city in the next 24 hours.<\/p>\n Mainland Chinese and Hong Kong markets ended lower as technology<\/span> stocks retreated from a stellar rally over the past month.<\/p>\n China’s Shanghai Composite Index closed 0.2 percent lower at 3,821.83, recouping some earlier losses.<\/p>\n Suning.Com shares plunged 4.8 percent after the troubled retailer said its largest shareholder Alibaba Group Holding plans to cut its stake in the company.<\/p>\n Hong Kong’s Hang Seng Index fell 0.7 percent to 26,159.12 after Pan Gongsheng, governor of the People’s Bank of China, didn’t announce any immediate policy changes at a high-level briefing on Monday.<\/p>\n Seoul stocks climbed to a new high for the second consecutive session following Wall Street’s record-breaking rally, fueled by renewed optimism in big tech companies.<\/p>\n The Kospi climbed 0.5 percent to 3,486.19. Samsung Electronics gained 1.4 percent and SK Hynix rallied 2.9 percent amid improved sentiment for the global chip industry.<\/p>\n Australian markets ended higher for a third straight session after new Fed Governor Stephen Miran laid out his argument for aggressively lowering interest rates.<\/p>\n The benchmark S&P\/ASX 200 Index rose 0.4 percent to 8,845.90, led by a rally by banks and miners. The broader All Ordinaries Index settled 0.4 percent higher at 9,137.80.<\/p>\n Cettire, which operates in online luxury fashion retail, surged 18.8 percent after Director Dean Mintz acquired an additional 10.7 million shares in the company.<\/p>\n Across the Tasman, New Zealand’s benchmark S&P\/NZX-50 Index finished marginally lower at 13,136.54 amid unconfirmed reports of an appointment coming up of new Governor of the RBNZ.<\/p>\n The dollar index trimmed losses from the previous session in the wake of cautionary remarks from Fed officials.<\/p>\n Traders also shifted focus to Fed Chair Jerome Powell’s speech and upcoming PCE Price Index data, the Federal Reserve’s preferred inflation gauge, which is expected to signal subdued price pressures.<\/p>\n Gold hovered near record levels above $3,750 per ounce, while oil extended declines for a fifth day on oversupply concerns, exacerbated by a preliminary agreement to restart an Iraqi-Kurdish oil pipeline.<\/p>\n U.S. stocks edged higher overnight, with the major averages all reaching new record closing highs, as President Trump-backed newly installed Fed governor Stephen Miran dismissed fears of tariffs stoking inflation and said rates should be below 3 percent by the end of the year.<\/p>\n The tech-heavy Nasdaq Composite climbed 0.7 percent as OpenAI and NVIDIA announced a landmark AI infrastructure partnership, and the White House confirmed that Oracle would be part of a consortium of investors that will control TikTok’s U.S. operations. The S&P 500 rose 0.4 percent and the Dow inched up 0.1 percent. <\/p>\n<\/p>\n Business News<\/p>\n<\/div>\n