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11-05-2012 13:54 BJT

Asia stocks traded mostly lower Monday, moving in a tight range, exercising caution ahead of the U.S. presidential election. Once the election is over, analysts say markets will likely be relieved from uncertainty but they do not expect a significant lift or slump no matter what the result.

In the Chinese mainland, markets are heading south in range-bound trading. This comes after China’s central bank vowed to keep the monetary environment stable in the coming months.The bank said so in its latest monetary policy report over the weekend.

The Shanghai Composite Index slid 0.36% by lunch break, to stand at 2109 points. Among the gainers were coal and gas providers, as demand for heating skyrockets with temperature dropping sharply in nothern China.

Editor:James |Source:

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