Stocks in Asia traded mixed as investors weighed signs of improvement in U.S. economic data against conflicting news flow on Sino-American trade discussions. The yuan held Tuesday’s gain.
The MSCI Asia Pacific Index fell 0.1% as of 10:12 a.m. in Tokyo. Stocks were little changed in Tokyo, Seoul and Sydney. News that U.S. service industries expanded more than forecast in October triggered a brief equity rally on Wall Street, but pushed market pricing for another rate cut from the Federal Reserve further out. The S&P 500 Index closed marginally lower. Ten-year Treasury yields slipped.
Source : Bloomberg