Hong Kong US mid-term elections and weak Chinese producer prices weighed on investor sentiment in Asia on Tuesday. The stockbrokers did not dare to come out in anticipation of a possible change of power in both American chambers.
The falling producer price index underscored China’s troubles with falling domestic demand, a sluggish real estate sector and production disruptions due to tight krona measures. “Despite all the positive talk about the slow easing of zero-crown policy and experimenting with bigger events, it looks like other blocs may be on the horizon,” said ING’s Robert Carnell.
The Nikkei index, which includes 225 values, fell by 0.5% to 27,720 points. The broader Topix index fell 0.5% to 1,948 points.
The Shanghai Stock Exchange fell 0.4%. The index of the most important companies in Shanghai and Shenzhen lost 0.8 percent.
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