Asia-Pacific shares mixed ahead of US midterm elections
Bank of Japan headquarters in Tokyo, Japan
Tomohiro Ohsumi | Bloomberg | Getty Images
Asia-Pacific stocks were mixed on Tuesday as investors digested the Bank of Japan’s summary of opinions and looked ahead to the US midterm elections.
The Nikkei 225 in Japan rose 1.25% to close at 27,872.11 and the Topix rose 1.21% higher to close at 1,957.56. The S&P/ASX 200 rose 0.36% in Australia to end the session at 6,958.9. In South Korea, the Kospi rose 1.15% to close at 2,399.04.
The Bank of Japan released a summary of opinions to its board members from its monetary policy meeting in October, when it left interest rates unchanged while global companies took on jumbo rate hikes. Nintendo will report quarterly results later in the day.
Hong Kong’s Hang Seng Index was 0.5% lower in its final hour of trading, while mainland China’s Shanghai Composite fell 0.43% and the Shenzhen Composite lost 0.578%.
Overnight in the US, stocks rose on Monday as investors looked forward to a packed week with midterm elections and key inflation data on deck and shrugged off a supply warning from Apple.
The Dow Jones Industrial Average traded higher by 423.78 points, or 1.31%, at 32,827.00. The S&P 500 rose 0.96% to 3,806.80. The Nasdaq Composite rose 0.85% to 10,564.52, after trading between gains and losses earlier in the session. All three major averages had a second positive day in a row.
— CNBC’s Sarah Min contributed to this report.
