SINGAPORE — Shares in major Asia-Pacific markets slipped on Tuesday, with Chinese search giant Baidu making its debut in Hong Kong.
Hong Kong’s Hang Seng index led losses among the region’s major markets as it fell about 1.4%, as of its final hour of trading.
Shares in Australia dipped, with the S&P/ASX 200 closing 0.11% lower at 6,745.40.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.66% lower.
In corporate developments, Baidu’s stock began trading in Hong Kong on Tuesday, with shares little changed from their issue price, as of their final hour of trading. The firm joins a long list of U.S.-listed Chinese tech companies that have done secondary offerings in Hong Kong, including Alibaba and JD.com.
Tech stock watch
Meanwhile, technology stocks in Asia-Pacific declined on Tuesday. Shares of Japanese conglomerate Softbank Group declined 0.9% while South Korea’s LG Electronics plunged 6.13%.
The moves in regional tech stocks came after their counterparts stateside rallied overnight amid declining bond yields, with the tech-heavy Nasdaq Composite jumping 1.23% to close at 13,377.54.
The moves stateside came as the 10-year Treasury yield declined 5 basis points to around 1.68% (1 basis point equals 0.01%), following a 14-month high touched last week. It last stood at 1.6717%.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.858 — still above levels below 91.5 seen last week.
— CNBC’s Arjun Kharpal contributed to this report.
Correction: This article was updated to accurately reflect the level of the U.S. dollar index.