Shanghai, Hong Kong, Tokyo and Seoul advanced after Beijing announced a ban on imports of some Taiwanese goods but no immediate major penalties following the arrival of Speaker Nancy Pelosi of the U.S. House of Representatives. The mainland's ruling Communist Party claims Taiwan as part of its territory and rejects foreign official contact with the self-ruled island democracy.
The Shanghai Composite Index gained 0.4% to 3,199.91 and the Nikkei 225 in Tokyo rose 0.5% to 27,731.52. The Hang Seng in Hong Kong added 0.5% to 19,789.98. Wall Street's benchmark S&P 500 index lost 0.7% on Tuesday after the Labor Department said American employers posted fewer job openings than expected in June following interest rate hikes to cool surging inflation.
Job openings, which never exceeded 8 million in a month before last year, had topped 11 million every month from December through May before dipping in June.
Which stock did Pelosi buy before her vanity tour?
I hope Pelosi's husband got in before the rise!