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
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
was last up 1.2%. After sliding early to ¥112.95, the U.S. dollar was above ¥113.40. Toyota
rose more than 2% while Nintendo
jumped about 3%.
Hong Kong stocks showed little movement, with the Hang Seng Index
— which has risen four of the past five sessions — up 0.1%. Sunny Optical
was down a further 2.2%, extending yesterday’s slide for the smartphone lens maker while financials generally started with gains. Geely Automotive
shares sank after reporting it was unlikely to meet its 2018 sales targets.
Chinese stocks were muted as well, with both the Shanghai
and Shenzhen Composite
indexes about flat.
South Korea’s Kospi
showed moderate gains, with Samsung
up slightly following reports it would soon unveil a foldable smartphone. Benchmark indexes in Taiwan and Singapore rose as well.
Australia’s ASX 200
was about flat, along with New Zealand’s benchmark
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