Asian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China's property sector hit Hong Kong and mainland markets.
"The market is still going in a strong trend, particularly as it started to digest that Fed will start tapering in November," said Edison Pun, Senior Market Analyst at Saxo Markets.
U.S. Treasury yields were lower as uncertainty about when the Federal Reserve would raise rates to curb rising inflation weighed on market sentiment.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Japan stocks set to rise after major indexes on Wall Street close at record highsThe Dow Jones Industrial Average and S&P 500 sailed to record closing highs on Monday.
Les mer »
China cancels Wuhan Marathon as Covid cases surgeChinese authorities have been racing to contain virus infections via mass testing of residents and targeted lockdowns.
Les mer »
Russia, China hold naval manoeuvres in western Pacific OceanChina and Russia hold first joint naval drills in the Pacific as the latest sign of their growing political and military alignment
Les mer »
Fresh lockdowns in China as local Covid-19 infections spread to 11 provincesAuthorities in northern China are reimposing lockdowns and other emergency measures to curb the spread of coronavirus, with health officials warning of a worsening outbreak after the country recorded more than 100 cases across 11 provinces over the last week.
Les mer »
HSBC bucks China property worries with 74% profit jump, $2 bln buybackHSBC Holdings reported a surprise 74% rise in third quarter profit as it shrugged off concerns about pandemic-related bad loans and property problems in its key market of China, allowing it to announce a share buyback of $2 billion.
Les mer »
There's a chance China might finally put taxes on propertyChina is closer than ever to taxing property owners, now that Chinese President Xi Jinping has the political momentum to get the ball rolling, analysts say.
Les mer »