Investing.com - Asian shares mostly gained on Tuesday as investors shrugged off Wall Street losses overnight and Tokyo continued its upward march.
The Nikkei 225 rose 0.17, on track for its 16th straight gain, while Australia's S&P/ASX 200 dipped 0.01%. In Greater China, the Shanghai Composite edged up 0.08% and the Hang Seng index gained 0.10%.
China's 19th Party Congress, which draws to an official close on Tuesday, is also in focus. China watchers will be paying close attention to the unveiling of the country's new leadership lineup expected on Wednesday.
Overnight, U.S. stocks retreating from record highs weighed by a slump in energy and technology stocks as investors weighed the prospect of bullish earnings from leading companies slated for later this week.
The Dow Jones Industrial Average closed lower at 23273.96. The S&P 500 closed 0.40% higher while the Nasdaq Composite closed at 6586.83, down 0.40%.
In what a quiet day on the calendar for top-tier economic data investors looked ahead to key earnings from blue-chip companies slated for later during week.
This week is expected to be the busiest week of the earnings season, with some of the biggest technology companies including Alphabet (NASDAQ:NASDAQ:GOOGL), Microsoft (NASDAQ:NASDAQ:MSFT), Amazon (NASDAQ:NASDAQ:AMZN) and Intel (NASDAQ:INTC) slated to report earnings alongside companies like Hasbro (NASDAQ:NASDAQ:HAS), Ford Motor Company (NYSE:NYSE:F), and McDonald’s Corporation (NYSE:MCD).
In corporate news, shares of General Electric Company (NYSE:NYSE:GE) slumped 7%, dragging the broader index lower as investors continued to digest GE's weaker-than-expected quarter of earnings released last week amid growing speculation that the company will axe its dividend.
The negative close for U.S. stocks comes after the three main U.S. indexes closed in record territory on Friday on signs of progress on tax reform and a bullish week of earnings from corporates – 73% have beaten on both the top and bottom lines, according to Thomson Reuters I/B/E/S.
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