· Japan stocks end lower on profit taking as investors await earnings
Japanese stocks fell on Monday as concerns about upcoming corporate earnings reports prompted some investors to take profits, with industrial and consumer discretionary sectors leading the decline.
The Nikkei index ended down 0.26% at 23,558.69, while the broader TOPIX fell 0.24% to 1,643.35.
Analysts said the news also weighed on broader sentiment, with investors also reluctant to buy stocks due to uncertainty about the U.S. presidential election on Nov. 3 and how that will affect economic policy.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.05%.
· China stocks notch best day in 3 months as investors cheer policy support
China stocks extended their rally on Monday to post their biggest daily percentage gain in three months, as investors cheered Beijing’s latest policy support for equity markets.
The blue-chip CSI300 index rose 3% to 4,823.16, its best day since July 6, while the Shanghai Composite Index gained 2.6% to 3,358.47 points, its best session since July 20.
· European markets edge higher, tracking Asian gains on China optimism
European stocks were mostly higher Monday morning, tracking overnight gains in Asia on the back of strong Chinese data, while rising coronavirus cases in Europe continued to cap optimism.
The pan-European Stoxx 600 edged 0.2% higher in early deals, with telecoms and autos adding more than 1% while travel and leisure stocks fell 0.4%.
Reference: Reuters, CNBC
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