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Business

Asia-Pacific shares mixed ahead of US midterm elections




Bank of Japan headquarters in Tokyo, Japan

Tomohiro Ohsumi | Bloomberg | Getty Images

Asia-Pacific shares were mostly trading higher early Tuesday morning 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 1.43% and the Topix was also 1.38% higher. The S&P/ASX 200 rose 0.37 percent in Australia. In South Korea, the Kospi rose 1.06%.

The Bank of Japan released a summary of board members’ opinions from its October monetary policy meeting, 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 fell 0.77% after struggling with direction, while mainland China’s Shanghai Composite fell 0.79% and the Shenzhen Composite fell 1.243%.

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.



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