By Stella Qiu SYDNEY (Reuters) – Asian shares outside Japan edged lower on Tuesday as investors pondered what a Trump victory would mean for China, while the yen resumed its slide, prompting fresh warnings from officials after last week’s suspected intervention. Europe is set to open lower, with EUROSTOXX 50 futures down 0.3%.
S&P 500 futures gained 0.2% and Nasdaq futures firmed 0.3% after dovish Fed comments fuelled bets of more U.
S. rate cuts this year, lifting Wall Street. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.
3%, extending Monday’s 0.3% decline. Japan returned from a public holiday and the Nikkei index rose 0.
3%. Overnight, investors continued to digest the fallout from the attempted assassination on Saturday of former U.S.
President Donald Trump, who nominated J.D. Vance on Monday as his vice presidential running mate.
Opinion polls show a close race between Trump and President Joe Biden, though Trump leads in several swing states that are likely to decide the election. The Dow Jones hit a record closing high, thanks to energy and banking shares. Bitcoin jumped, gold climbed towards a record high and the yield curve steepened as investors favoured so called Trump-victory trades.
“J.D. Vance sits in the camp of taking China on head-first in a bid for improved trade deals for the U.
S., and this will only weigh on sentiment towards China,” said Chris Weston, head of research at Pepperstone. The Shanghai Composite index fell 0.
1%, whi.
