MANILA, Philippines – Asian stock markets mostly traded sideways Tuesday after a lull in Wall Street’s record-breaking run ahead of a U.S. holiday.
Japan’s Nikkei 225 fell 0.5 per cent to 15,546.26 while Hong Kong’s Hang Seng added 0.2 per cent to 23,735.29. China’s Shanghai Composite Index was nearly unchanged at 2,186.40. Australia’s S&P/ASX 200 gained 0.4 per cent to 5,371.30 and markets in Southeast Asia were mixed.
“There’s very little macro data coming out and there’s little news to drive the market one way or the other,” said Andrew Sullivan of Kim Eng Securities in Hong Kong.
Wall Street has enjoyed seven weeks of gains, driven by the Federal Reserve’s super easy monetary policy, signs of gradual improvement in the U.S. economy and rising company profits. But there was little […]