Global Markets:
- Asian Stock Markets : Nikkei down 0.96%, Shanghai Composite down 0.34%, Hang Seng down 2.19% ASX down 0.13%
- Commodities : Gold at $2622.35 (0.24%), Silver at $30.7 (0.18%), Brent Oil at $71.34 (-0.16%), WTI Oil at $67.9 (-0.19%)
- Rates : US 10-year yield at 4.328, UK 10-year yield at 4.423, Germany 10-year yield at 2.324
News & Data:
- (GBP) CB Leading Index m/m -0.1% vs 0.1% expected
Markets Update:
Asia-Pacific markets mostly declined on Tuesday, with investors remaining cautious even as the Dow Jones Industrial Average continued its post-election rally to reach a record high. Hong Kong’s Hang Seng index dropped 1.96%, while the CSI 300 in mainland China rose by 0.41%. Australia’s S&P/ASX 200 fell slightly by 0.1%, South Korea’s Kospi decreased by 1.28%, and the Kosdaq declined 2.26%. In Japan, the Nikkei 225 fell 0.92%, while the Topix remained mostly flat.
Traders in the region analyzed various economic reports, including Australia’s business conditions survey by the National Australia Bank and Indonesia’s September retail sales data. India prepared to release its October consumer price index, while OPEC was expected to publish its monthly oil market report later in the day.
In the U.S., the Dow Jones surged over 300 points on Monday, closing at a record 44,293.69, marking the first time the index crossed the 44,000 mark. The S&P 500 also hit a milestone, ending at 6,001.35, while the Nasdaq Composite stayed near the flatline, up by 0.06% at 19,298.76.
Bitcoin exceeded $87,000, driven by deregulation optimism, which boosted crypto stocks like Coinbase and Mara Holdings by 20% and 30%, respectively.
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