Sydney Building take from Cremorne Point.
Brook Attakorn | Moment | Getty Images
Asia-Pacific markets were mostly fell Tuesday, with investors exercising caution even as the Dow Jones Industrial Average’s post-election rally continued to gain momentum to close at a record high.
Hong Kong’s Hang Seng index slipped 1.1% in its first hour of trade, while the CSI 300 was 0.17% higher. Australia’s S&P/ASX 200 was 0.38% lower. South Korea’s Kospi fell by 0.88%, while the Kosdaq Index dropped 1.77%.
Japan’s Nikkei 225 added 0.54% while the Topix rose 0.97%.
Traders in Asia-Pacific will be monitoring a swathe of economic data in the region, including a survey from the National Australia Bank on business conditions, Indonesia’s retail sales in September, and India’s consumer price index for October.
Oil cartel OPEC is also set to release its monthly oil market report later in the day.
The Dow Jones Industrial Average surged more than 300 points on Monday and closed at a record high as the benchmark’s postelection rally pressed forward.
The 30-stock Dow gained 304 points, or 0.69%, to 44,293.69. It’s rise brought the index above 44,000 for the first time. The S&P 500 added 0.1% to end the day at 6,001.35 and also earned a record close by surpassing 6,000 for the first time. However, the Nasdaq Composite hovered near the flatline, up 0.06% to 19,298.76.
Bitcoin surged above $87,000, boosted by hopes of deregulation as well. Crypto related stocks Coinbase and Mara Holdings rallied 20% and 30%, respectively.
—CNBC’s Brian Evans and Alex Harring contributed to this report.
