Asia shares slip despite signs of optimism on global economy

South Korea Financial Markets

TOKYO (AP) — Asian shares slipped on Friday, despite recent signs of optimism about the global economy, including recent rallies on Wall Street.

Japan's benchmark Nikkei 225 edged down 0.9% in morning trading to 28,559.89, as investors mostly took a wait-and-see attitude ahead of the nationwide parliamentary elections Sunday.

The ruling Liberal Democratic Party, which has ruled almost continuously for decades, is expected to continue to stay in power. But the opposition is also expected to gain ground because of public discontent over the government's handling of the coronavirus pandemic and worries about the economy.

South Korea's Kospi lost 0.7% to 2,988.09. Australia's S&P/ASX 200 declined 0.7% to 7,381.50. Hong Kong's Hang Seng dipped 0.8% to 25,343.14, while the Shanghai Composite shed 0.1% to 3,514.03.