800 30 Asian Shares Mixed As Biden Nears Victory In U.s. Election

Asian shares mixed as Biden nears victory in U.S. election

Stocks in the Asia Pacific region were mixed on Friday as Democratic challenger Joe Biden, inches closer to taking the White House.

This comes after Wall Street rose amid protracted vote-counting following the U.S. elections on Tuesday, Nov.3, 2020.

Japan’s benchmark Nikkei 225 Stock Average added 0.91 percent to end at 24,325.23, hitting the highest level in 29 years, while the broader Topix index was up 0.52 percent to 1,658.49.

South Korea’s benchmark Kospi index edged up 0.11 percent to close at 2,416.5.

China’s Shanghai Composite Index fell 0.24 percent and Hong Kong’s Hang Seng Index edged down 0.09 percent after a 3.25-per cent surge on Thursday.

Australia’s benchmark S&P/ASX200 index closed up 0.82 percent and the broader All Ordinaries index gained 0.8 percent on the day.

On Wall Street, the Dow Jones Industrial Average climbed 1.95 percent on Thursday, the S&P 500 index also added 1.95 percent and the tech-heavy Nasdaq rose nearly 2.6 percent.

Biden gained further ground in Georgia and Pennsylvania on Thursday as President Donald Trump’s leads dwindled in the key battleground states. (dpa/NAN)


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