The Asian markets have made a mixed start ahead of the US presidential election; however the Chinese market declined for a third day before the outcome of US presidential elections and its own leadership congress. China’s Communist Party will start a meeting in Beijing tomorrow that will formally pick the next generation of the nation’s leadership, with Xi Jinping expected to be chosen as general secretary. The Japanese markets too have lost their early gains after the yen strengthened against other major currencies.
Shanghai Composite declined by 8.83 points or 0.42% to 2,097.17, Hang Seng lost 81.59 points or 0.37% to 21,862.84, Nikkei 225 lost 9.98 points or 0.11% to 8,965.17, Kospi Composite declined by 9.40 points or 0.50% to 1,918.49 and Taiwan Weighted was down by 3.71 points or 0.05% to 7,232.97.
On the other hand, Jakarta Composite gained 12.69 points or 0.29% to 4,326.63, KLSE Composite was up by 1.85 points or 0.11% to 1,647.83 and Straits Times added 1.24 points or 0.04% to 3,020.31.
