- Chinese search giant Baidu made its debut in Hong Kong on Tuesday, with shares closing unchanged from their issue price.
- Meanwhile, technology stocks in Asia-Pacific were watched by investors on Tuesday after their counterparts stateside rallied overnight amid declining bond yields.
SINGAPORE — Shares in major Asia-Pacific markets slipped on Tuesday, with Chinese search giant Baidu seeing a muted debut in Hong Kong.
Hong Kong's Hang Seng index led losses among the region's major markets as it fell 1.34% to close at 28,497.38.
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 dipped 0.62%.
In corporate developments, Baidu's stock saw a lackluster Tuesday debut in Hong Kong, with shares closing unchanged from their issue price. 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.
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 1.647%.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.013 — 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.