Asia-Pacific stocks rise as investors respond to Biden’s presidential election victory

SINGAPORE – Asia-Pacific stocks traded higher on Monday morning as investors in the region responded to Democrats. Of Joe Biden Failure to stay in office Donald Trump In the US presidential race, according to NBC predictions.

In Japan, the Nikki225 Shares of the joint Softbank Group rose 1.11%, up about 3%. Topics index added 0.84%. Of South Korea Cosby 0.9% higher.

Stocks were also high in Australia S&P / ASX200 Receives 1.33%.

The wide-ranging index of Asia-Pacific stocks of MSCIs outside Japan traded up 0.29%.

Former U.S. Vice President Biden wins in Pennsylvania and Nevada According to NBC News Saturday forecasts. Still, Trump is refusing to accept the election, which is “From a distance. “

At the forefront of economic data, China’s exports rose 11.4% in October According to official figures released over the weekend, compared to a year earlier.

In the meantime, on Corona virus Before, infections were constantly rising at the state level. The United States recently recorded more than 126,000 new infections for two consecutive days. Worldwide, the number of corona virus infections exceeded 50 million on Sunday. According to Reuters.

Oil prices are rising

Oil prices were higher in the morning of Asian trading hours, by international standards Brent crude future 1.42% to .0 40.01 per barrel. The US crude future It was up 1.67% to $ 37.76 a barrel.

The US Dollar Index, Which tracks the greenback against the basket of its peers, was down from 92.164 to 92.164 following a recent decline.

The Japanese Yen The dollar traded at 103.29 against the dollar after strengthening above 104.3 against the greenback last week. The Australian dollar The stock changed hands to 72 0.728 after rising from below 73 0.711 last week.

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