SEOUL, South Korea (AP) — Asian stock markets mostly closed higher Tuesday amid light trading as investors waited for Beijing to announce whether a four-day policy meeting had produced reforms to shake up China's state-dominated economy.
Major European benchmarks opened lower in early trading. Britain's FTSE 100 lost 0.4 percent to 6,704.41 and France's CAC-40 shed 0.2 percent to 4,282.04. Germany's DAX was down 0.2 percent to 9,086.67.
Futures indicated U.S. stocks were headed for a weak open after the Dow reached a record-high Monday. S&P 500 futures were down 0.2 percent and Dow Jones futures fell 0.1 percent.
Earlier in Asia, Tokyo's Nikkei jumped 2.2 percent to 14,588.68 and South Korea's Kospi rose 0.9 percent to 1,995.48. China's Shanghai Composite gained 0.8 percent to 2,126.77. Stocks in Taiwan, Singapore, Thailand and India also rose.
Investors were waiting to see if China's new leadership announces reform plans or a change in the country's growth target after a meeting held away from the gaze of the public and foreign media.
"The changes that will come out of the secret location in Beijing are expected to be some of the most liberal economic changes in post revolution China," Evan Lucas, a market strategist at IG, said in a report.
The PSE Composite in Manila gained 0.9 percent to 6,324.17 after sinking the day before. The Philippines is grappling with the aftermath of Typhoon Haiyan. Thousands are believed dead and shattered communications and transportation links are hampering recovery efforts.
Bucking the uptrend, Hong Kong's Hang Seng shed 0.2 percent to 22,899.38 and Australia's S&P/ASX 200 edged down 0.1 percent to 5,393.10. Stocks in Jakarta fell 1.4 percent to 4,380.64 after Indonesia's central bank announced a surprise interest rate hike.
Most Asian markets got a boost from upbeat U.S. economic figures Friday including a strong U.S. jobs report for October, even though it raised the prospect the Federal Reserve will reduce monetary stimulus that has buoyed stocks. The world's largest economy added 204,000 jobs last month, trumping market expectations for 125,000 jobs.
In energy markets, benchmark crude for December delivery was down 63 cents to $94.51 in electronic trading on the New York Mercantile Exchange. The contract rose 54 cents to $95.14 on Monday.
In currency, the euro fell to $1.3378 from $1.3401. The dollar rose to 99.64 yen from 99.16 yen.