Categories: BusinessLatest

Asian Stocks Inch Higher as Investors Await US Election Results

Asian stocks were mostly higher on Thursday as investors continued to wait for the result of the United States presidential election.

The Japanese benchmark Nikkei 225 closed up by 1.7%, South Korean   Kospi jumped 1.5% to 2,393.03 and Hang Seng Index climbed up by more than 2% throughout the morning.

Investment manager Jackson Wong said Asian investors woke up to news that Democrat Joe Biden had inched closer to the 270 Electoral College votes needed to win the US presidential election and welcomed the news which in turn boosted markets.

Democrat Joe Biden won the battleground prizes of Michigan and Wisconsin on Wednesday, reclaiming a key part of the “blue wall” that slipped away from Democrats four years ago and dramatically narrowing Republican President Donald Trump’s pathway to reelection.

A full day after Election Day, neither candidate had cleared the 270 Electoral College votes needed to win the White House.

 

Follow us on:

AriseNews

Recent Posts

Netanyahu Risks Arrest in UK as ICC Issues Warrant Against Him For War Crimes

Israeli PM Netanyahu faces potential arrest in the UK as Downing Street pledges to fulfill…

2 hours ago

Second Australian Teen Dies from Suspected Methanol Poisoning in Laos

A second Australian teenager has died of suspected methanol poisoning in Laos, bringing to six…

2 hours ago

Simon Ekpa Arrested, Denies Being IPOB Leader + Atiku Says Tinubu’s Loans Are Bone-Crushing – Trending With Ojy Okpe

https://www.youtube.com/watch?v=mFlFl1mPGC8 The arrest of self-proclaimed Prime minister of the Biafra Republic, Simon Ekpa who was…

3 hours ago

Gatwick Airport South Terminal Evacuated, Bomb Disposal Team Deployed Suspicious Item Found In Luggage

Gatwick Airport's South Terminal was evacuated after a suspected prohibited item was found, prompting bomb…

3 hours ago

Trump Considers Kevin Warsh for Treasury Secretary, Role Of Chairman Of Federal Reserve

Trump is considering Kevin Warsh for Treasury Secretary, with a future possibility of him becoming…

6 hours ago

Hyundai Recalls 145,235 Electrified Vehicles In The US Due To Power Loss Issue

Hyundai has recalled 145,235 electrified vehicles in the US. due to potential loss of drive…

6 hours ago