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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Welcome Global Talents to West China Hospital/West China School of Medicine of Sichuan University - Chengdu, Sichuan, China job with West China School of Medicine/West China HospitalWest China Hospital/West China School of Medicine of Sichuan University (WCH/WCSM, SCU) was founded in 1892 and recognized as a national general hospital and a diagnosis and treatment center for complex and critical illnesses, as well as a renowned medical school in China.
Read more »
Postdoctoral Fellowships at West China Hospital/West China School of Medicine of Sichuan University - Chengdu, Sichuan, China job with West China School of Medicine/West China HospitalAbout West China Hospital/West China School of Medicine of Sichuan University West China Hospital/West China School of Medicine of Sichuan University (WCH/WCSM, SCU) was founded in 1892 and recognized as a national general hospital and a diagnosis and treatment center for complex and critical illnesses, as well as a renowned medical school in...
Read more »
Asia-Pacific Markets Open Higher as Investors Await China Economic DataAsian-Pacific markets opened higher on Monday, with investors closely watching China's weekend press briefing and anticipating a series of economic data releases this week from the region. The briefing hinted at potential increased debt issuance to support the economy, while September inflation figures missed expectations.
Read more »
Asia markets open higher after China weekend briefing hints at more stimulus; economic data in focusChina’s deflation pressures deepened in September with consumer prices rising at their slowest pace in three months at 0.4% from a year earlier.
Read more »
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.
Read more »
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
Read more »