Asia markets mostly rise after Wall Street’s mixed moves see investors rotate out of tech stocks

Amala Balakrishner

Lee Ying Shan

This is CNBC’s live blog covering Asia-Pacific markets.

Sunrise scene of Seoul downtown city skyline, Aerial view of N Seoul Tower at Namsan Park in twilight sky in morning. The best viewpoint and trekking from inwangsan mountain in Seoul city, South Korea

Mongkol Chuewong | Moment | Getty Images

Asia-Pacific markets mostly rose Tuesday after a mixed session on Wall Street that saw the Dow soar and the Nasdaq slip as investors rotated out of tech stocks.

Hong Kong’s Hang Seng index was up 1.8%, while mainland China’s CSI 300 climbed 2.13%.

Japan’s markets were the only outlier, with the Nikkei 225 dipping 1.83% to close at 38,474.30. The Topix fell 1.16% to 2,682.58. Both indexes extended their four-day losing streak. Japan’s 40-year government bond yield rose to an intraday high of 2.774, its highest on record since 2007, LSEG data showed.

South Korea’s Kospi closed up 0.31% to 2,497.40 while the small-cap Kosdaq added 1.39% to end the day at 718.04.

Australia’s S&P/ASX 200 closed 0.48% higher at 8,231, breaking a three-day losing streak.

TICKER	COMPANY	NAME	PRICE	CHANGE	%CHANGE
.N225	Nikkei 225 Index	*NIKKEI	38474.3	-716.1	-1.83
.HSI	Hang Seng Index	*HSI	19232.41	358.27	1.9
.AXJO	S&P/ASX 200	*ASX 200	8231	39.1	0.48
.SSEC	Shanghai	*SHANGHAI	3240.94	80.18	2.54
.KS11	KOSPI Index	*KOSPI	2497.4	7.84	0.31
.FTFCNBCA	CNBC 100 ASIA IDX	*CNBC 100	9733.03	49.49	0.51

Investors will continue monitoring India’s rupee after it weakened to a record low against the U.S. dollar. India on Monday reported inflation data for December, which declined for a second straight month year on year, coming in just below expectations at 5.22% and boosting the case for prospective interest rate cuts.

Thailand will be releasing its consumer confidence index for December.

Overnight in the U.S., the Dow Jones Industrial Average climbed, outperforming the market, while the Nasdaq Composite slipped as traders continued to sell off major tech stocks that have powered the bull market.

The 30-stock Dow rose 358.67 points, or 0.86%, to close at 42,297.12 as investors rotated into nontech shares such as Caterpillar, JPMorgan and UnitedHealth. Meanwhile, the tech-heavy Nasdaq dropped 0.38% to 19,088.10. The S&P 500 inched up 0.16%, ending at 5,836.22.

All three benchmarks have declines for the past two weeks, with tech shares causing most of the damage.

—CNBC’s Hakyung Kim and Brian Evans contributed to this report.