Asian stocks led higher by tech, bonds rally on US election nail-biter | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

SYDNEY, Nov 4 — Share markets veered higher in wild Asian trading today as results from the US presidential election proved far closer than polls had predicted, leaving the outcome deeply in doubt. Investors had initially wagered that a possible Democratic sweep by Joe Biden could ease political...

Wednesday, 04 Nov 2020 12:48 PM MYT

But the mood quickly changed on signs President Donald Trump could well snatch Florida and was much closer in other major battleground states than polls had predicted. Andrew Brenner, head of international fixed income at NatAlliance Securities, said the move in techs looked like it was a play on the Senate potentially staying Republican.

Some investors were now hedging against the risk of a contested election or at least a drawn-out process as mail-in ballots were counted.“I think the odds of a clean sweep are diminishing, almost by the minute. That reduces the possibility, or the likelihood at least of a large stimulus programme being agreed to in the first days of a Biden administration.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian American business leaders launch US$250m effort to combat anti-Asian hate | Malay MailNEW YORK, May 3 — Business leaders launched a five-year, US$250 million drive today to support the causes of Asian-Americans and Pacific Islanders, vowing to set up a national infrastructure for a community targeted by a rising number of racial attacks. The Asian American Foundation will invest...
Source: malaymail - 🏆 1. / 86 Read more »