The ruling party’s candidate in Japan, Prime Minister Fumio Kishida, has given mixed messages about his “new capitalism” policies and measures, which include promises to reduce income disparities. This has done little to reassure the markets so far.
The Australian S & P / ASX 200 was little changed, rising less than 0.1% to 7,415.40. South Korea’s Kospi fell 0.2% to 3,007.33.
The 10-year Treasury yield remained stable at 1.65%.
The price of Bitcoin slipped to $ 65,355 after crossing $ 66,000 for the first time on Wednesday. The gains came a day after the first exchange-traded fund linked to Bitcoin futures attracted significant interest from investors looking to enter the burgeoning cryptocurrency arena.
Strong healthcare company earnings on Wednesday helped push stocks up on Wall Street.
The market has gained ground as investors focus on the latest round of corporate earnings. Stocks have been volatile for weeks as rising inflation and lackluster economic data raised concerns about the way forward for the economic recovery.
The S&P 500 rose 0.4% to 4,536.19, its sixth consecutive gain. This puts it less than a point from the all-time high reached on September 2.
The Dow Jones Industrial Average rose 0.4% to 35,609.34. The Nasdaq fell less than 0.1% to 15,121.68.