Asia stocks rise with US election results, China stimulus in focus

Investing.com-- Most Asian stocks advanced on Wednesday, tracking overnight strength in Wall Street as markets awaited the results of a hotly contested U.S. presidential election, while focus was also on more stimulus cues from China.

U.S. stock index futures rose in Asian trade, with early coverage of the vote count showing Donald Trump in the lead over Kamala Harris. The NPC is widely expected to outline plans for more fiscal spending, with analysts expecting at least 10 trillion yuan in new spending over the coming years. JPMorgan analysts also said in a recent note that a Trump victory in the 2024 election could see Beijing unlock even more fiscal stimulus, given that Trump has threatened to impose steep trade tariffs against the country.Stronger technology stocks also boosted the Nikkei, as they tracked an overnight rally in their U.S. peers.Broader Asian markets were mostly positive, with focus turning squarely to the results of the U.S. elections.

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

China stocks rise on better-than-expected PMI data amid broad declines in Asia marketsAsian traders assessed third-quarter producer prices data from Australia and Caixin China manufacturing purchasing managers' index reading for October.
स्रोत: CNBC - 🏆 12. / 72 और पढो »

Asia stocks edge higher with CPI in focus; China falls past fiscal stimulus talkAsia stocks edge higher with CPI in focus; China falls past fiscal stimulus talk
स्रोत: Investingcom - 🏆 450. / 53 और पढो »