Asia stocks dip amid rates, election uncertainty; China shares drift higher
Investing.com-- Most Asian stocks fell on Tuesday as uncertainty over interest rates and the U.S. presidential election kept traders largely risk-averse, while Chinese markets drifted higher after an interest rate cut.
Focus this week was also on a string of key U.S. earnings, with Asian earnings set to pick up in the coming weeks.touched its weakest level in nearly three months, as the currency was pressured by uncertainty over the Bank of Japan’s capacity to raise interest rates further. A weaker yen usually benefits export-oriented Japanese stocks.
While optimism over the measures initially drove Chinese markets to two-year highs in October, doubts over the timing and scale of the measures pulled Chinese stocks off these peaks.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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