Asia stocks dip amid election uncertainty; Japan extends gains ahead of BOJ

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Asia stocks dip amid election uncertainty; Japan extends gains ahead of BOJ

Investing.com-- Most Asian stocks fell on Wednesday as risk appetite was quashed by anticipation of a tight U.S. presidential election and a barrage of key economic readings this week.

Japanese markets extended recent gains after the ruling Liberal Democratic Party lost its parliamentary majority in the recent elections, presenting an uncertain outlook for local politics. Beijing had announced a string of major stimulus measures over the past month, drumming up limited optimism among investors. Markets are now awaiting more cues on fiscal stimulus from a meeting of China’s National People’s Congress, set for next week.

 

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