Asian Shares Mixed as Australia Hikes Interest Rate

A currency trader passes by screens showing the Korea Composite Stock Price Index (KOSPI) (L), and the exchange rate of South Korean won against the U.S. dollar (C) at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on May 3, 2022. Ahn Young-joon/AP Photo

Asian shares were mixed Tuesday after Australia’s central bank raised a key interest rate for the first time since 2010.

Trading was light with markets in mainland China, Japan, and some other countries closed for holidays.