Investing.com-- Most Asian stocks were flat on Tuesday as focus turned to a barrage of key earnings due in the coming days, while Japanese markets extended gains after the country’s ruling coalition lost its parliamentary majority.
Wall Street futures were flat in Asian trade, with focus squarely on a slew of mega-cap technology earnings due in the coming days.indexes were outliers among Asian stocks, rising 0.3% and 0.9% respectively as they extended strong gains from the prior session.) was the biggest boost to the TOPIX, rallying as much as 24% after it announced a deal to buy U.S. chemical maker AOC.
The LDP will now have to seek coalitions with smaller regional parties to keep power, presenting an uncertain outlook for Japanese politics. But the prospect of political uncertainty spurred bets that the Bank of Japan will not have enough headroom to keep raising interest rates.Broader Asian markets kept to a tight range on Tuesday, with focus turning to major U.S. tech earnings due in the coming days.
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