Asia opens higher, but China tech worries weigh on Hong Kong

 Asia opens higher, but China tech worries weigh on Hong Kong

HONG KONG (Reuters) – Most Asian share markets opened a fraction higher on Tuesday, ahead of a key decision by Australia’s central bank on its quantitative easing programme and despite ongoing concerns over the future regulation of China’s powerful technology sector.

A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. REUTERS/Kim Kyung-Hoon

U.S. markets were closed on Monday to mark the Independence Day holiday, leaving the Asian region without a strong lead to start trading on Tuesday.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.05%.

In Hong Kong, the Hang Seng Index was down 0.7% while China’s CSI300 was off by nearly 0.3%.

Japan’s Nikkei was up 0.45% while the S&P ASX200 stood 0.21% higher. In South Korea, the Kospi 200 Index rose 0.5% in early trade.

Chinese technology stocks remain under the microscope on Tuesday after the…

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