Asian stock indices are changing in different directions in the course of trading on Tuesday.
Investors are awaiting the outcome of the midterm elections to the U.S. Congress, as well as fresh data on inflation in that country, which may determine the Federal Reserve’s further policy on raising interest rates, MarketWatch reports.
Japan’s Nikkei 225 Index was up 1.3 percent at 7:27 a.m. on good quarterly company reports.
Shares of Yamaha Motor Co. (+12.7%) demonstrated the most significant rise among components of the indicator. The company’s January-September revenue rose 23% to 1.677 trillion yen ($11.44 billion) and operating profit jumped 13% to 174.19 billion yen, thanks to higher prices and sales of motorcycles and boat engines.
Shimadzu Corp. gained 6%. The maker of precision measuring instruments posted a net profit of 24.5 billion yen ($167.1 million) in the first fiscal period (April-September) compared with 20.49 billion yen in the same period last year.
In addition, large companies such as SoftBank Group (+5.2%), Sony Group (+3.4%), Fast Retailing (+0.1%), Toyota Motor (+0.6%) and Nintendo (+1.6%) rose in value.
South Korea’s Kospi index was up 1% by 8:27 MSK.
One of the world’s biggest chip and electronics maker Samsung Electronics Co. gained 2.5% while Hyundai Motor dropped 0.3%.
Australia’s S&P/ASX 200 index rose 0.4%, ending “in the plus” for the third straight session.
Including the shares of all the four largest banks in the country went up: the Commonwealth Bank – by 1.4%, ANZ Bank – 0.3%, Westpac Banking – 2% and National Australia Bank – 0.7%.
At the same time stock quotes of the world’s largest mining company BHP declined by 0.3%.
China’s Shanghai Composite Index was down 0.65% by 8:32 a.m. Moscow timeframe, Hong Kong’s Hang Seng Index was down 0.6%.
Shares of restaurant chain owner Haidilao International Holding Ltd. (-4.5%), Internet companies Baidu (-3.5%) and Meituan (SPB: 3690) (-3%), brewery Budweiser Brewing Co. APAC Ltd. (-3.3%).
In addition, shares of Tencent Holdings Ltd. (SPB: 700) were down 0.3%, retailer Alibaba Group (SPB: BABA) – by 3.2%, carmaker BYD – by 2.6%.
