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Eugene

(61,593 posts)
Mon Nov 9, 2020, 03:09 AM Nov 2020

'Biden Bounce' sees Japan shares hit 29-year high

Also: Biden win boosts global stock markets as Japanese shares soar to 29-year high (The Guardian)

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Source: BBC

'Biden Bounce' sees Japan shares hit 29-year high

9 November 2020

Shares in Japan hit a near 30-year high on Monday, the first day of trading following news that Joe Biden had won the US presidential election.

Japan's main share index - the Nikkei 225 - rose 2.5% in Asian trading to hit a level not seen since 1991.

Stock markets across Asia also saw healthy gains with a positive sentiment in Australia, China and Hong Kong.

Japan's rise came despite Japan Airlines' share price falling 15% after announcing plans to raise new capital.

Investors in the region had been nervous following the uncertainty of a US election deadlock, as voting took longer due to postal votes.

-snip-


Read more: https://www.bbc.com/news/business-54868729

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Source: The Guardian

Biden win boosts global stock markets as Japanese shares soar to 29-year high

Shares surge in Asia Pacific, with the Nikkei reaching its highest level since 1991, after president-elect pledges to try to bring unity to the US

Martin Farrer
Mon 9 Nov 2020 06.01 GMT

Financial markets around the world have received a marked boost in the wake of Joe Biden’s victory in the US presidential election, with Japanese shares hitting their highest level for nearly three decades and oil prices also climbing.

Stock prices in Europe and New York were also expected to rise sharply on Monday after the president-elect pledged to try to bring unity to the US after four tumultuous years under the Trump administration.

The Nikkei index in Tokyo led the way with a rise of 2.3% as traders in Asia Pacific got the first chance to give their verdict on the Biden victory declared over the weekend.

In China, the Shanghai Composite was also up more than 2%, Hong Kong shares rose 1.5% and the ASX200 in Sydney jumped 1.74%.

-snip-


Read more: https://www.theguardian.com/business/2020/nov/09/biden-win-boosts-global-stock-markets-as-japanese-shares-soar-to-29-year-high

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'Biden Bounce' sees Japan shares hit 29-year high (Original Post) Eugene Nov 2020 OP
K & R nt greyl Nov 2020 #1
K&R Tarheel_Dem Nov 2020 #2
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