Asian stocks remain flat, Japan gains after ruling coalition loss; tech earnings in focus.

From Investing.com: 2024-10-28 22:27:48

Most Asian stocks remained flat on Tuesday, with Japanese markets extending gains after the ruling coalition lost its parliamentary majority. Nippon Paint Holdings Co Ltd surged 24% after announcing a deal to buy U.S. chemical maker AOC, boosting the TOPIX. The drop in the yen due to political uncertainty spurred bets that the Bank of Japan will not raise interest rates. Asian markets are awaiting major U.S. tech earnings from Google, Meta Platforms, Microsoft, Apple, and Amazon, which are expected to impact broader markets. Economic data from Australia and China will also provide further insights into the regional economy.



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