Asia-Pacific shares edge higher as U.S. election uncertainty remains; Fed keeps rates near zero
Stocks in Asia-Pacific traded higher on Friday morning as investors continue to wait for a result from the U.S. election.
In Japan, the Nikkei 225 was 0.15% higher in early trade, while the Topix index was up fractionally. South Korea’s Kospi gained 0.2%.
Stocks in Australia also advanced, with the S&P/ASX 200 up 0.52%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.19% higher.
Investor focus on Friday will likely remain on the U.S. election with the spotlight on a few battleground states such as Arizona and Pennsylvania. Based on NBC News’ tally, Democratic nominee Joe Biden has racked up 253 electoral votes, leaving him 17 shy of the 270 needed to win the White House.
Reference: CNBC
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