Most Asian markets showed gains on Wednesday alongside increases in the dollar and bitcoin, as traders keenly awaited the revelations of the closely contested US presidential election. Initial results began to suggest a growing likelihood of Donald Trump’s victory, influencing trading sentiment. Early trading hours witnessed upward movements in markets across Tokyo, Sydney, Shanghai, Seoul, Singapore, Wellington, and Taipei, although Hong Kong bucked the trend with losses.
The uptick in Asian equities mirrored the positive performance of Wall Street’s three major indices, each rising by over one percent. Concurrently, the dollar strengthened significantly against various global currencies, including the yen, pound, and euro, and it appreciated by more than one percent against the Mexican peso.
In the realm of cryptocurrencies, Bitcoin experienced a notable surge of approximately $2,700, reaching $71,471 and edging closer to its March record high of $73,797.98.
These financial market activities reflect the anticipation and dynamic shifts surrounding the US election, underscoring the global interconnectedness of economic sentiments and political outcomes.
Original Story https://www.ndtv.com/world-news/us-elections-results-2024-live-updates-kamala-harris-and-donald-trump-presidential-election-results-6948523
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