Photo taken on Aug. 19, 2021 shows a stock market trend, Shiyan, Hubei Province, China.
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Asia-Pacific stocks were mixed as investors await the outcomes of america midterm elections and China’s production price index fell 1.3% on an annualized basis, the primary decline since December 2020.
The Nikkei 225 in Japan lost 0.24% and the Topix was 0.22% lower, while the Kospi in South Korea gained 0.97%. In Australia, the S&P/ASX 200 rose 0.76%.
The Hang Seng index in Hong Kong rose 0.25%. In mainland China, the Shanghai Composite gained 0.14% while the Shenzhen Component was marginally lower.
The Reserve Bank of Australia’s deputy governor Michele Bullock is slated to talk within the afternoon.
Overnight on Wall Street, U.S. stocks are coming off three-straight days of gains, with the Dow on its third-straight session adding greater than 1%. The bounce for equities could also be partly as a consequence of the elections, where investors predict Republicans to achieve ground and create gridlock in Washington.
— CNBC’s Yun Li, Jesse Pound contributed to this report
