Asia stocks slip after Wall Street hits another record

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Tokyo, Hong Kong and Seoul declined while Shanghai advanced.

Wall Street’s benchmark S&P 500 index added 0.1% on Monday, boosted by gains for construction-related stocks after Congress last week approved a $1 trillion infrastructure bill.

“Investors will be on the lookout for any clues that signal an adjustment to central banks’ taper process and rate hikes expectations,” Anderson Alves of ActivTrades said in a report. The Kosp 180721, +0.08% i in Seoul lost 0.1% to 2,956.10 while Sydney’s S&P-ASX 200 XJO, -0.24% shed 0.2% to 7,444.70.

Also Tuesday, Japan’s government reported wage growth fell to a three-month lost of 0.2% over a year earlier in September.The Dow Jones Industrial Average DJIA, +0.29% rose 0.3% to 36,432.22. The Nasdaq Composite COMP, +0.07% gained 0.1% to 15,982.36. Both also were records.

 

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