Asian stocks rise as Clinton looks more likely to win elections

Record ID: 79604

  • Title: Asian stocks rise as Clinton looks more likely to win elections
  • Date: 8th November 2016
  • Summary: SEOUL, SOUTH KOREA (NOVEMBER 8, 2016) (REUTERS) TRAFFIC ON SEOUL STREETS PEOPLE WALKING ACROSS STREET INTERIOR OF DEALING ROOM AT KEB HANA BANK ELECTRONIC BOARD SHOWING KOREA COMPOSITE STOCK PRICE INDEX (KOSPI) DEALERS WORKING ELECTRONIC BOARDS SHOWING KOSPI AND USD/KRW EXCHANGE RATE DEALERS WORKING IN FRONT OF ELECTRONIC BOARDS DEALER LOOKING AT DOCUMENTS INTERIOR OF DEALING ROOM
  • Embargoed: 23rd November 2016 01:25
  • Keywords: election stocks Tokyo Seoul US
  • Location: TOKYO, JAPAN/ SEOUL, SOUTH KOREA
  • City: TOKYO, JAPAN/ SEOUL, SOUTH KOREA
  • Country: Japan
  • Topics: Economic Events,Equities Markets
  • Reuters ID: LVA00357L2A11
  • Aspect Ratio: 16:9
  • Story Text:Japan's benchmark Nikkei stock average opened down at 17242.70 on Tuesday (November 8) briefly before heading higher as it followed other markets up with Democrat Hillary Clinton now looking more likely to win the U.S. presidential elections.
    The Tokyo benchmark, Nikkei 225 rise was also aided by a weaker yen.
    Japan's Finance Minister Taro Aso said on Tuesday that Japan will need to respond to currency market moves if results of the U.S. presidential election cause a sudden spike in the yen.
    "If it were to affect currencies, we would need to watch and respond, as stability in currencies is always important," Aso told reporters after a cabinet meeting.
    Aso made the remarks when asked about market speculation that the safe-haven currency could spike if Republican nominee Donald Trump won the presidential race due on Nov. 8.
    South Korean shares opened higher with the Korea Composite Stock Price Index (KOSPI) up 0.30 percent at 2,003.57 points in the first 10 minutes of trading.
    While polls last week showed U.S. Republican nominee candidate Donald Trump closing in on the Democratic nominee's lead, at least five major polls on Monday (November 7) showed Clinton still ahead.
  • Copyright Holder: REUTERS
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