Asia-Pacific markets were mixed in early Wednesday trade. Investors remained cautious despite vaccine hopes, even as coronavirus cases continued to surge.
Meanwhile, the U.S. dollar continued its slide.
Chinese stocks didn’t budge much in early trading. The Shanghai composite edged up 0.26%, while the Shenzhen component was flat.
Hong Kong’s Hang Seng index slipped 0.14%.
In Japan, the Nikkei 225 fell 0.78%, while the Topix dropped 0.56%. Japanese exports in October did much better than expected, falling 0.2%, according to the Ministry of Finance. That’s compared to a 4.5% decline forecast. It followed a 4.9% drop in September.
Exports were helped by a rise in demand for Japanese cars by China and the U.S., which drove up shipments.
However, automakers — among the country’s key exports — fell across the board in the morning. Mitsubishi Motor dropped almost 5%, while Honda declined 3.29%. Subaru dropped almost 2%.