HONG KONG, Oct 26 ― Asian stocks inched higher today, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China's property sector hit Hong Kong and mainland markets.
A large proportion of S&P 500 companies are due to report results this week, including technology heavyweights Facebook, Apple Inc, Amazon, Microsoft, and Alphabet, which have been the drivers of the market rally this year. China has said it will roll out a pilot real estate tax in some regions, adding to existing investor concerns about real estate in the mainland.“The market is still going in a strong trend, particularly as it started to digest that Fed will start tapering in November,” said Edison Pun, Senior Market Analyst at Saxo Markets.
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