Home » Markets » Asian, US stocks trend upward with US presidential election results decided
Comments Off on Asian, US stocks trend upward with US presidential election results decidedMarkets
Asian, US stocks trend upward with US presidential election results decided
Fox Business Flash top headlines for November 6
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
TOKYO — Asian shares and U.S. futures rose Monday on relief the U.S. presidential election results were finally decided, with Joe Biden the president-elect.
Continue Reading Below
Strong Chinese trade data released over the weekend also helped. Many in the region expect trade tensions to de-escalate under a Biden presidency, a plus for Asian markets and economies.
Jackson Wong, asset management director at Amber Hill Capital expects a Biden presidency to improve diplomacy and trade between the U.S. and Asia.
STOCK FUTURES RISE AFTER BIDEN-HARRIS WIN, MCDONALD’S AND DISNEY IN FOCUS
“This would definitely help the overall economy. So medium to long-term, we will see a better growth perspective in the future,” Wong said.
Japan's Nikkei 225 surged 2.1% to 24,839.84. Australia's S&P/ASX 200 added 1.8% to 6,298.80. South Korea's Kospi advanced 1.3% to 2,446.61. Hong Kong's Hang Seng rose 1.3% to 26,035.62, while the Shanghai Composite gained 1.6% to 3,364.86.