BANGKOK — Shares were mixed Tuesday in Asia after U.S. stocks closed broadly higher, while Chinese shares saw their worst decline in six months.Tokyo’s Nikkei 225 closed nearly unchanged, at 39,594.39.
The People’s Bank of China also reduced collateral required by its medium-term lending facility and also reduced the interest rate for its standing lending facility by 10 basis points to 2.7% for its seven-day loans and 3.05% for its one-month loans. Besides Alphabet and Tesla, dozens of other big U.S. companies will also report their latest quarterly results this upcoming week, including Coca-Cola, Ford and American Airlines.
The gains were broad, with more than three-quarters of the stocks in the S&P 500 closing higher, although tech stocks accounted for much of the rally. The yield on the 10-year Treasury rose to 4.26% from 4.24% late Friday. Shorter-term yields were relatively steady. The two-year yield was unchanged at 4.52%, where it was late Friday.