October 17, 2021

Asia markets mixed after Wall St decline

BEIJING (AP) — Major Asian stock markets advanced Wednesday after Wall Street fell, while Chinese and Japanese markets were closed for holidays.

Overnight, Wall Street’s benchmark S&P 500 index lost 0.7%, dragged down by more declines for tech stocks including Apple and Microsoft.

The Hang Seng in Hong Kong was little changed at 28,561.70 while the S&P-ASX 200 in Sydney added 0.4% to 48,453.94.

New Zealand’s benchmark lost 1.1%, Singapore was down 0.8% and Bangkok fell 0.7%.

“With relatively light news flow and macro data, price action in the region was subdued in holiday-thinned conditions,” Anderson Alves of ActivTrades said in a report.

Investors are watching corporate earnings and looking ahead to Friday’s U.S. jobs data.

Most economic data point to improving conditions but markets worry about renewed coronavirus outbreaks and a possible uptick in inflation.

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