Asian equities are mixed

Asian equities are mixed

On Wednesday, Asian stocks showed mixed performance in light regional trade.

The Nikkei 225 rallied 0.28%, the S&P/ASX 200 went down 0.79%. Financial markets in South Korea, Japan and China were unavailable for holidays.

Overnight, the soar in US equities continued for a second-straight day after reports showed key car maker beat American new car sales in September.

The Dow Jones Industrial Average concluded higher hitting 22641.67. Additionally, the S&P 500 grew 0.22%, while the Nasdaq Composite ended the session with the outcome of 6531.71, gaining 0.23%.

Equities f General Motors, Fiat Chrysler and Ford concluded higher as the trio topped hopes for new car sales in September.

In addition to this, stocks of Tesla Inc also went up 2% after Tesla reported it delivered up to 26,150 cars during the third quarter, which is up 4.5% versus the same time in 2016.

Traders neglected comments from the car maker’s detractors who told that upside in the stock is actually restricted by Tesla’s inability to increase Model 3 production.

 

 

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