Asia stocks catch Wall St cheer but China caps gains

📆 26-10-2021 09:35:00
📰 Reuters

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Asian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China's property sector hit Hong Kong and mainland markets.

"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.

U.S. Treasury yields were lower as uncertainty about when the Federal Reserve would raise rates to curb rising inflation weighed on market sentiment.

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