Stock Markets Up as Key States Lean Trump
Published On Nov 5, 2024, 10:52 PM
Stock markets in Asia experienced gains as early election results hinted at a potential victory for former President Donald Trump. Investors seemed optimistic about possible economic stimulus if Trump returns to office, leading to a rise in stock prices and government bond yields. The dollar strengthened against major currencies, including the Japanese yen and the Mexican peso, with notable movements in Bitcoin, which reached a new high. However, the election results are still pending and markets remain volatile as they await final outcomes.