HomeNewsNewsAsia stocks catch Wall St cheer but China caps gains

Asia stocks catch Wall St cheer but China caps gains

A man walks past in front of a stock quotation board showing the price of the SoftBank Corp. and Nikkei share average outside a brokerage in Tokyo, Japan December 19, 2018. REUTERS/Issei Kato

HONG KONG, Oct 26 (Reuters) – Asian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China’s property sector hit Hong Kong and mainland markets.

Japan’s benchmark Nikkei average (.N225) opened up 1.14% on Tuesday, while Australia’s S&P/ASX 200 (.AXJO) was up 0.2% at 0133GMT. MSCI’s gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) rose 0.23%.

Hang Seng Index (.HSI) and China’s benchmark CSI300 Index (.CSI300) opened higher but fell into negative territory, weighed by property stocks.

A large proportion of S&P 500 companies are due to report results this week, including technology heavyweights Facebook (FB.O), Apple Inc (AAPL.O), Amazon (AMZN.O), Microsoft…

Read more…