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Asian stocks mixed after Wall St rally ahead of US debate

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Asian stocks were mixed Tuesday after Wall Street recovered some of this month's losses as investors looked ahead to a debate between President Donald Trump and his challenger in the November election, Joe Biden.Shanghai, Seoul and Tokyo advanced Hong Kong and Sydney declined.Overnight, Wall Street's benchmark S&P 500 index gained 1.6%, led by big tech stocks.“This is welcome cheer, but does not redeem equities from a negative September,” said Mizuho Bank in a report.

With no obvious catalyst, its analysts questioned whether the rise was driven by little more than “month-end short-covering,” or traders buying stocks to fulfill commitments to re-sell them.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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