View of Sydney Tower from Cape Cremont.
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Asia-Pacific markets were mostly lower on Tuesday, with investors remaining cautious even as the Dow Jones Industrial Average’s post-election rally continued to gain momentum, closing at a record high.
Hong Kong’s Hang Seng Index fell 1.1% in the first hour of trading, while the CSI 300 Index rose 0.17%. Australia’s S&P/ASX 200 index fell 0.38%. Korean Cospi It fell 0.88%, and the Kosdaq fell 1.77%.
Japanese Nikkei 225 Index rose 0.54%, and the Topix rose 0.97%.
Traders in the Asia-Pacific region will be closely watching a series of economic data from the region, including National Australia Bank’s business conditions survey, Indonesia’s retail sales in September and India’s consumer price index in October.
Oil cartel OPEC is also due to release its monthly oil market report later in the day.
The Dow Jones Industrial Average soared more than 300 points on Monday and closed at a record high as the benchmark index’s post-election rally continued to advance.
The Dow Jones Industrial Average rose 304 points, or 0.69%, to 44,293.69 points on 30 levels. The gains pushed the index above 44,000 points for the first time. The S&P 500 rose 0.1% to close at 6,001.35 points and broke through 6,000 points for the first time, setting a record closing price. However, the Nasdaq hovered near the flat line, rising 0.06% to 19,298.76.
Bitcoin surged above $87,000, boosted by hopes of deregulation. Cryptocurrency-related stocks Coinbase and Mara Holdings rose 20% and 30%, respectively.
—CNBC’s Brian Evans and Alex Harring contributed to this report.
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