Tuesday, October 13, 2026

Asia stocks down after U.S. stocks hold near record highs

The S&P 500 gained 0.2%, to 5,078.18 and was just off its all-time high set last week, the Dow Jones Industrial Average slipped 0.2%, to 38,972.41, and the Nasdaq composite added 0.4% to 16,035.30

Asian markets were mostly down on Wednesday after U.S. stocks held near their record levels in a quiet day of trading.

U.S. futures and oil prices dropped.

Japan’s benchmark Nikkei 225 edged down 0.1% to 39,230.50.

Chinese markets wavered, with Hong Kong’s Hang Seng increasing 0.2% to 16,825.00, while the Shanghai Composite shed 0.7% to 2,995.40.

China’s biggest private property developer, Country Garden, said Wednesday that it is facing a liquidation petition after failing to repay a term loan facility worth 1.6 billion Hong Kong dollars ($204.5 million). The first hearing in the case is scheduled for May 17.

The move comes after China Evergrande, the world’s most heavily indebted real estate developer, was ordered to undergo liquidation after a failed effort to restructure $300 billion in late January.

Hong Kong was due to release its fiscal budget, which is expected to include measures to revive the distressed property market.

Australia’s S&P/ASX 200 was little changed at 7,663.50 after the Australian Bureau of Statistics said Wednesday the country’s inflation rate held at a two-year low in January, triggering hopes that the RBA may trim its benchmark interest rate.

South Korea’s Kospi added 0.8% to 2,646.55, while Thailand’s SET was 0.5% lower.

On Tuesday, the S&P 500 gained 0.2%, to 5,078.18 and was just off its all-time high set last week. The Dow Jones Industrial Average (DJIA) slipped 0.2%, to 38,972.41, and the Nasdaq composite added 0.4% to 16,035.30.

Crypto currency prices have also been running higher. Bitcoin surpassed $57,000 before dropping below the threshold and is up by nearly a third so far this year already.

New ETFs that hold bitcoin have made investing in the crypto currency easier, while also driving business for Coinbase and others who safeguard those ETFs’ bitcoins. Coinbase added 2.7% Tuesday to bring its gain for the year so far to 14.5%.

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