Investing.com-- Most Asian stocks rose on Tuesday tracking record highs on Wall Street as the third-quarter earnings season approached, while Chinese stocks fell amid waning optimism over new fiscal stimulus.hitting new peaks on gains in financial and technology stocks. U.S. stock index futures were mildly positive in Asian trade, with focus turning to a string of key Q3 earnings due this week.
Chinese markets lagged their peers following weak inflation and trade data released over the past two days. The announcement of new fiscal stimulus measures from Beijing also provided only fleeting support, given that the government left investors wanting of several key details.Sentiment towards Japanese markets was also buoyed by reports that Tokyo Metro raised $2.3 billion in the country’s biggest initial public offering in six years.
But the MoF still left out key details on its plans, specifically the scope and timing of the planned fiscal measures. A lack of direct support for private consumption also disappointed investors.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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