Press "Enter" to skip to content

Asian Markets Swing As US Election Closer Than Expected

Shares

Key Points

  • Asian markets mostly rose Wednesday as traders tracked results of the US presidential election, but investors were on edge over worries that the outcome might not be as clear-cut as hoped.
  • Investors had been increasingly betting on a Democratic sweep of Congress and the White House, which would pave the way for a massive stimulus package for the stuttering economy but results suggest they will struggle to achieve that.
  • Tokyo led gains, jumping 1.7 percent, while Hong Kong Shanghai, Seoul, Mumbai, Wellington, and Bangkok were also up. Taipei gained one percent, and Manila rallied two percent.
  • Visit The Financial Today’s homepage for more stories.

HONG KONG — Asian markets mostly rose Wednesday as traders tracked results of the US presidential election, but investors were on edge over worries that the outcome might not be as clear-cut as hoped.

Shares have rallied this week as traders piled bets on Joe Biden winning the White House, with opinion polls showing him with a big national lead though with slim advantages in battleground states.

While the former vice president was still favorite, trading floors grew nervous as it became apparent Donald Trump was performing much better than expected.

Get unlimited access to TFT Premium content for FREE!

Join 23,000+ subscribers and enjoy free access to TFT premium news & stories!

Be First to Comment

Leave a Reply