Asia-Pacific markets fell on Tuesday, with regional investors showing caution despite record-breaking gains in U.S. stocks following the postelection rally. Key Asia benchmarks saw declines across the board.
Hong Kong’s Hang Seng Index dropped 2.76%, while mainland China’s CSI 300 fell by 1.1% to close at 4,085.74. Australia’s S&P/ASX 200 slipped 0.13% to 8,255.6. In South Korea, the Kospi declined by 1.94% to 2,482.57, and the Kosdaq lost 2.51% to close at 710.52. Japan’s Nikkei 225 slid 0.4% to finish at 39,376.09, while the Topix ended flat at 2,741.52.
Asian traders also evaluated regional economic data, including the National Australia Bank’s survey on business conditions and Indonesia’s retail sales for September. India is set to release its October CPI report, and OPEC will publish its monthly oil market report later in the day.
In the U.S., the Dow Jones Industrial Average rose over 300 points on Monday, marking a record close at 44,293.69 as the postelection rally continued. The S&P 500 inched up 0.1% to a record 6,001.35, while the Nasdaq Composite was nearly flat, adding 0.06% to reach 19,298.76.
Bitcoin also surged past $88,000, driven by expectations of potential deregulation, with crypto-related stocks Coinbase and Mara Holdings rallying 20% and 30%, respectively.
