Asian markets higher as investors keep eye on U.S. midterm elections


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