Asian markets ended higher on Monday amid Joe Biden's election as US President helped underpin investors' sentiment even as corona virus cases rose globally. Chinese shares ended higher as Joe Biden's victory in the US presidential election raised hopes of better trade relations in between US and China. Further, Japanese shares hit their highest level for nearly three decades after Honda Motors gained 9.4% after the carmaker posted strong quarterly earnings and raised its earnings outlook. South Korean shares ended up with expectations of fewer US regulatory reforms and more stimulus measures under a Joe Biden presidency.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,373.73 | 61.57 | 1.86 |
Hang Seng | 26,016.17 | 303.20 | 1.18 |
Jakarta Composite | 5,356.00 | 20.47 | 0.38 |
KLSE Composite | 1,524.32 | 4.68 | 0.31 |
Nikkei 225 | 24,839.84 | 514.61 | 2.12 |
Straits Times | 2,609.36 | 30.68 | 1.19 |
KOSPI Composite | 2,447.20 | 30.70 | 1.27 |
Taiwan Weighted | 13,127.47 | 153.94 | 1.19 |