Asia-Pacific stocks mixed ahead of US midterm elections

Asia-Pacific stocks mixed ahead of US midterm elections

Bank of Japan headquarters in Tokyo, Japan

Tomohiro Ohsumi | Bloomberg | Getty Images

Stocks in the Asia-Pacific traded mostly higher early Tuesday morning as investors digest the Bank of Japan’s summary of opinions and look ahead to the US midterm elections.

Tea Nikkei 225 in Japan rose 1.43% and the Topix was also 1.38% higher. Tea S&P/ASX 200 pink 0.37% in Australia. In South Korea, the Kospi gained 1.06%.

The Bank of Japan released a summary of opinions of board members from its monetary policy meeting in October, when it left interest rates unchanged while global peers took on jumbo rate hikes. nintendo will report quarterly earnings later in the day.

The Hang Seng index in Hong Kong fell 0.77% after struggling for direction, while mainland China’s Shanghai Composite fell 0.79% and the Shenzhen Component fell 1.243%.

Overnight in the US, stocks rallied Monday as investors looked ahead 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%, to 32,827.00. The S&P 500 gained 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 notched a second straight positive day.

— CNBC’s Sarah Min contributed to this report.


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