Kopsi and CSI 300: US midterm elections in focus - Asian investors act cautiously
Investors are being cautious ahead of the US midterm elections and further quarterly figures from major US tech companies. The shares of chip manufacturers are losing ground.
Asian investors are cautious ahead of the US midterm elections on Tuesday. Markets in Japan were closed for a holiday, while Seoul's market was pressured by a sell-off of tech stocks on Wall Street. Samsung Electronics and SK Hynix shares fell 3.17% and 4.14% respectively, while LG Energy Solution, Hyundai Motor, and Kia also declined.
Chinese markets were also cautious, with authorities announcing measures to stabilize capital markets, but these failed to meet expectations, according to Chen Jiande of Fujian Tianlang Asset Management Co. The MSCI index for Asian stocks outside Japan lost 0.9%, while the Kospi index in South Korea fell 2.72% to 5700 points.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
