Small Profit for Nikkei, Hong Kong Closed Due to Typhoon
The Japanese stock exchange closed with a small profit on Tuesday. Investors processed the sharply higher closing stocks on Wall Street but remained cautious in anticipation of the quarterly figures from large companies.
The other stock market indicators in the Asian region showed a mixed picture. In Hong Kong, the stock exchange was closed all day due to Typhoon Nangka.
Tokyo’s leading Nikkei eventually finished 0.2 percent higher at 23,601.78 points. The Japanese technology companies, in particular, were popular thanks to the rally among American peers. Robot maker Fanuc thicknesses more than 4 percent.
Apple’s Japanese suppliers were also on the rise in anticipation of the release of the American tech giant’s new iPhone models later today. Murata Manufacturing and Taiyo Yuden each climbed nearly 4 percent.
In China, investors slowed down a bit after the substantial advance the day before. The main index in Shanghai was down 0.1 percent in the meantime, despite a more significant than expected increase in Chinese exports in September.
Imports from the country were also higher than expected last month. The Kospi in Seoul fell 0.1 percent, and the Australian All Ordinaries in Sydney gained 1 percent.