Stock markets across the Asia rallied on Thursday as Joe Biden moves towards becoming the next US president, with investors now pinning hopes that American Congress will soon pass a new stimulus package. Stock Markets kept aside Donald Trump’s claims of fraud and calls to stop voting.
Hopes for emergence of a new economic package by the new US Government were providing support to equities across Asia, even though any spending bill will not be as big as previously thought under a Democrat-run Congress.
Japense stock index Nikkei-225 was up by 1.7% while Hong Kong benchmark Index Hang Seng was up by 3.25%. S&P Asia Index was up by 1.28%.
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