Asian stock markets trade mostly higher wait for US election result

South Korea’s Kospi was up 0.11% and stocks in Australia advanced, with the S&P/ASX 200 up 0.83%.

Nov 06, 2020 12:11 IST India Infoline News Service

Asian stocks are trading mostly higher as investors continue to wait for a result from the US election.

Mainland Chinese stocks were lower, with the Shanghai Composite down 0.53% while the Shenzhen Component shed 0.293%. Hong Kong’s Hang Seng index dipped marginally by 0.07%, the Nikkei 225 was 0.91% higher while the Topix index was up 0.45%, South Korea’s Kospi was up 0.11% and stocks in Australia advanced, with the S&P/ASX 200 up 0.83%.

Overnight on Wall Street, the Dow Jones Industrial Average closed 542.52 points higher at 28,390.18. The S&P 500 rose 1.95% to end its trading day at 3,150.45 while the Nasdaq Composite surged 2.6% to close at 11,890.93. Thursday also marked the first time since 1982 that the Dow and S&P 500 rose at least 1% in four straight sessions.

According to the media reports, Democrat Joe Biden reportedly crept closer to victory over U.S. President Donald Trump by leading with razor-thin margins in a handful of states where votes are still being counted. 

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