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Asia-Pacific markets fall as China industrial profits in focus; Australia nears record high
Asia-Pacific markets largely fell on Tuesday, despite the Dow Jones Industrial Average on Wall Street reaching new highs.
The blue-chip index closed up 65.44 points, or 0.16%, at 41,240.52.
Traders in Asia will also look toward China’s year-to-date industrial profits as of July.
Late Monday, oil prices continued to rise after Israel and Hezbollah traded strikes over the weekend, with U.S. West Texas Intermediate crude climbing 3.5% to close at $77.42 per barrel and Brent crude up 3.05% at $81.43 a barrel, its highest in about two weeks.
Oil prices later pared some gains on Tuesday, with WTI futures trading at $77.16 and Brent at $81.23.
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