Sydney Building takes off from Cremorne Point.
Brook Attakarn | moment | Getty Images
Asia-Pacific markets were mixed on Tuesday, with investors cautious even as the Dow Jones Industrial Average’s post-election rally continued to gain momentum to close at record highs.
Australia’s S&P/ASX 200 fell 0.37% in the first hour of trade.
Japan Nikkei 225 added 0.23% while the Topix rose 0.68%. South Korea Kospi decreased by 0.36%, while the Kosdaq Index decreased by 1.04%.
Hong Kong’s Hang Seng index futures were at 20,324, lower than HSI’s last close of 20,426.93.
Traders in the Asia-Pacific will monitor a swath of economic data in the region, including a survey from the National Australia Bank on business conditions, Indonesia’s retail sales in September, and India’s consumer price index for October.
The OPEC oil cartel will also release its monthly oil market report later.
The Dow Jones Industrial Average surged more than 300 points on Monday and closed at a record high as the benchmark’s post-election rally continued.
The 30-share Dow gained 304 points, or 0.69%, to 44,293.69. This rise brought the index above 44,000 for the first time. The S&P 500 added 0.1% to end the day at 6,001.35 and also hit a record close by surpassing 6,000 for the first time. However, the Nasdaq Composite hovered near the flat line, rising 0.06% to 19,298.76.
Bitcoin surged above $87,000, fueled by hopes of deregulation as well. Crypto related stocks Coinbase and Mara Holdings rallied 20% and 30%, respectively.
—CNBC’s Brian Evans and Alex Harring contributed to this report.
