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Asian stocks mixed as caution reigns ahead of U.S. midterms

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Asian shares held recent gains but lost momentum as investors remained cautious ahead of the release of the U.S. inflation data and mid-term elections, which will determine control of Congress. | Reuters

“Markets are expecting the gridlock situation of a divided Congress and moderation in the U.S. CPI. Both are helping the risk-on sentiments.”

Chinese health officials reiterated their commitment to the zero-COVID policy on Saturday at a press conference. Japan’s Nikkei 225 gained as much as 1.44 percent, hitting an eight-week high, as investors scooped up chips and other technology stocks.

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