Asia shares join global rally despite US election uncertainty

Tokyo, Nov. 5, (dpa/GNA) – Markets in Asia Pacific posted strong gains on Thursday following rallies on Wall Street and in European bourses though a US presidential election remained undecided.

Japan’s benchmark Nikkei 225 Stock Average gained 1.73 per cent to close at 24,105.28, the highest level since October 2018, while the broader Topix index climbed 1.39 per cent to 1,649.94.

South Korea’s benchmark Kospi Index rose 2.4 per cent to end at 2,413.79.
Hong Kong’s Hang Seng Index surged 2.69 per cent and China’s Shanghai Composite Index added 1.23 per cent.

Australia’s benchmark S&P/ASX200 index gained 1.28 per cent on the day and the broader All Ordinaries index closed up 1.26 per cent.

On Wednesday, the technology-heavy Nasdaq Composite Index soared 3.85 per cent and the S&P 500 index closed up 2.2 per cent while the Dow Jones Industrial Average added 1.34 per cent.

Democratic challenger Joe Biden expressed confidence in winning the race, while President Donald Trump sought to undermine the integrity of the election and claimed victory in states that are too close to call, or have been called for Biden.
GNA