Asian Stocks Mixed as Investors Await U.K. Election, ECB, Comey

  • China equities close at the highest level in more than a month
  • India’s Sensex little changed ahead of RBI policy decision

BlackRock Says Equities Rally Has Further to Run

Asian stocks were little changed as investors stayed on the sidelines ahead of the U.K. election, ECB policy decision and testimony from former FBI director James Comey, all scheduled later this week.

The MSCI Asia Pacific Index held at 155.39 as of 4:46 p.m. in Hong Kong, after the gauge closed Monday at its highest level since April 2015. Consumer and technology stocks were the worst performers, while a gauge of real estate shares led gains. Chinese shares had the biggest advance among markets, with the Shanghai Composite Index rallying to the highest level since May 2.

“Uncertainty is high on the global scene,” said Attila Vajda, the Ho Chi Minh City-based managing director at Project Asia Research & Consulting Pte. “Cautious investors are taking some chips off the table.”

Summary

  • Australia’s S&P/ASX 200 little changed
  • Topix little changed; Nikkei 225 little changed
  • Taiwan’s Taiex little changed, Kospi -0.4%
  • Hong Kong Hang Seng Index -0.1%; HSCEI +0.1%; Shanghai Composite +1.2%
  • Singapore’s Straits Times Index little changed; Philippine Stock Exchange Index +0.6%; Malaysia’s KLCI Index -0.3%, Vietnam’s VN Index +0.3%, Jakarta Composite Index +0.1%; Thailand’s SET Index little changed
  • India’s Sensex Index little changed ahead of RBI policy decision
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