Asia-Pacific markets trade mixed after Wall Street gains on tech rally [MSNBC.com]
JULIUS BAER GRP UNSP/ADR (JBAXY)
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Source: MSNBC.com
Owngarden | Moment | Getty ImagesAsia-Pacific markets traded mixed Tuesday after Wall Street gained on a tech rally.Japan's benchmarkNikkei 225The Topix retreated 0.51% to 3,122.12."Investors are betting that the next leader from the ruling Liberal Democratic Party (LDP) could unleash a new wave of fiscal stimulus to bolster the economy," XTB Investing's senior market analyst Hani Abuagla wrote in a note.While near-term volatility is expected to pick up amid political uncertainties, the upcoming change ultimately provides for a "greater longer-term policy and political stability, and a more conducive pro-growth environment for the equities market," Julius Baer's equity research analyst in Asia, Louis Chua, said. The bank expects more upside for the Nikkei 225, forecasting that it will hit 46,000 in 12 months.The Japanese yen strengthened 0.2% to 147.22 against the greenback.Loading chart...Broader Asia-Pacific markets traded mostly higher Tuesday, tracking Wall Street gains boosted by
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