Asian Markets Mixed Ahead of U.S. Election

Asian markets exhibited mixed performance on Tuesday ahead of the U.S. presidential election and a potential interest rate cut by the Federal Reserve. Japan's Nikkei 225 rose by 1.11%, while South Korea's Kospi fell by 0.47%, reflecting investor caution amid global economic uncertainties. The Fed is anticipated to lower interest rates by 25 basis points, following a 50 basis point cut in September. Additionally, concerns over China's economic stimulus and fluctuating oil prices further contributed to market volatility. In Australia, the S&P/ASX 200 slipped by 0.4%, as analysts expect the Reserve Bank to maintain the cash rate steady. Overall, the mixed results underscore the cautious sentiment among investors as they navigate pivotal upcoming events.