Asian Stocks Mixed, Dollar Drifts Ahead of Megacap Earnings, Jobs Data
Monday, Oct 28, 2024 11:36 pm ET
1min read Asian stocks traded in a mixed manner on Tuesday, as investors awaited key earnings reports from major technology companies and the release of U.S. jobs data. The dollar drifted lower against a basket of currencies, reflecting a cautious market sentiment.
The MSCI Asia Pacific Index fluctuated, with gains in Hong Kong and South Korea offset by losses in Japan and Australia. The Hang Seng Index in Hong Kong rose 0.5%, boosted by strong performances in technology and real estate stocks. The Kospi in South Korea advanced 0.4%, led by gains in semiconductor and automaker shares. In contrast, the Nikkei 225 in Japan fell 0.3%, dragged down by declines in financial and energy stocks. The S&P/ASX 200 in Australia dipped 0.2%, as losses in energy and materials sectors outweighed gains in healthcare and technology stocks.
The dollar index, which tracks the greenback against a basket of six major currencies, slipped 0.1% to 104.55. The euro gained 0.2% to $1.0417, while the yen appreciated 0.1% to ¥132.96 per dollar. The dollar's weakness can be attributed to a lack of fresh catalysts and investor caution ahead of the upcoming events such as they awaited ahead of key economic data.
Investors ahead of key earnings reports from a
The MSCI Asia Pacific Index fluctuated, with gains in Hong Kong and South Korea offset by losses in Japan and Australia. The Hang Seng Index in Hong Kong rose 0.5%, boosted by strong performances in technology and real estate stocks. The Kospi in South Korea advanced 0.4%, led by gains in semiconductor and automaker shares. In contrast, the Nikkei 225 in Japan fell 0.3%, dragged down by declines in financial and energy stocks. The S&P/ASX 200 in Australia dipped 0.2%, as losses in energy and materials sectors outweighed gains in healthcare and technology stocks.
The dollar index, which tracks the greenback against a basket of six major currencies, slipped 0.1% to 104.55. The euro gained 0.2% to $1.0417, while the yen appreciated 0.1% to ¥132.96 per dollar. The dollar's weakness can be attributed to a lack of fresh catalysts and investor caution ahead of the upcoming events such as they awaited ahead of key economic data.
Investors ahead of key earnings reports from a
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