Asian stock markets were largely higher in early trading Wednesday after an up-and-down morning as U.S. midterm election results came in. Dow Jones Industrial Average futures
YMZ8, +0.16%
rose as it appeared likely Democrats would control the House while Republicans extended gains in the Senate.
Amid thin trading volumes, Japanese stocks yo-yoed as U.S. election results arrived. After briefly turning lower, the Nikkei
NIK, +1.23%
was last up 1.2%. After sliding early to ¥112.95, the U.S. dollar was above ¥113.40. Toyota
7203, +2.28%
rose more than 2% while Nintendo
7974, +2.97%
jumped about 3%.
Hong Kong stocks showed little movement, with the Hang Seng Index
HSI, +0.61%
— which has risen four of the past five sessions — up 0.1%. Sunny Optical
2382, -0.79%
was down a further 2.2%, extending yesterday’s slide for the smartphone lens maker while financials generally started with gains. Geely Automotive
0175, -4.69%
shares sank after reporting it was unlikely to meet its 2018 sales targets.
Chinese stocks were muted as well, with both the Shanghai
SHCOMP, +0.01%
and Shenzhen Composite
399106, +0.33%
indexes about flat.
South Korea’s Kospi
SEU, +0.21%
showed moderate gains, with Samsung
005930, +0.34%
up slightly following reports it would soon unveil a foldable smartphone. Benchmark indexes in Taiwan and Singapore rose as well.
Australia’s ASX 200
XJO, +0.01%
was about flat, along with New Zealand’s benchmark
NZ50GR, +0.04%
.
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Source : MTV
