- Title: Asia stocks up on growing optimism for Clinton win in White House race
- Date: 8th November 2016
- Summary: TOKYO, JAPAN (NOVEMBER 8, 2016) (REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN READING (English): "JPX TOKYO STOCK EXCHANGE" ELECTRONIC STOCK BOARD TSE STAFF WORKING TSE MARKET CENTER AND REVOLVING STOCK PRICE TICKER REVOLVING STOCK PRICE TICKER ELECTRONIC STOCK BOARD ELECTRONIC STOCK BOARD SHOWING NIKKEI AVERAGE AT 17171.38 DOWN 71.32 POINTS TSE MARKET CENTER TOKYO STOCK EXCHANGE GRAPHIC SEOUL, SOUTH KOREA (NOVEMBER 8, 2016) (REUTERS) TRAFFIC ON SEOUL STREETS CARS PASSING BY INTERIOR OF DEALING ROOM AT KEB HANA BANK ELECTRONIC BOARD SHOWING KOREA COMPOSITE STOCK PRICE INDEX (KOSPI) AT 2,003.38 UP 0.29 PERCENT DEALERS WORKING ELECTRONIC BOARDS SHOWING KOSPI AND USD/KRW EXCHANGE RATE MORE OF DEALERS WORKING MORE OF DEALING ROOM
- Embargoed: 23rd November 2016 08:07
- Keywords: Asia markets close up US elections Hillary Clinton Donald Trump
- Location: TOKYO, JAPAN/ SEOUL, SOUTH KOREA
- City: TOKYO, JAPAN/ SEOUL, SOUTH KOREA
- Country: Various
- Topics: Economic Events
- Reuters ID: LVA00157L2ERP
- Aspect Ratio: 16:9
- Story Text: Asian stocks rose on Tuesday (November 8) as world markets braced for the outcome of one of the most contentious U.S. presidential elections in history, with most investors cautiously optimistic of a win by Democrat Hillary Clinton.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4 percent. But Japan's Nikkei surrendered earlier gains to close flat, as the yen rose following Monday's (November 7) losses.
The South Korean won extended gains as global demand for riskier assets rose on increased optimism that Hillary Clinton will win the U.S. presidential election, despite continued worries about a political scandal at home.
South Korean shares edged up, with the Korea Composite Stock Price Index (KOSPI) closing up 0.3 percent at 2,003.38 points.
Clinton's chances of winning got a boost on Sunday (November 6) when the U.S. Federal Bureau of Investigation said it stood by its July finding that the democratic candidate was not guilty of criminal wrongdoing in her use of a private email server.
That came after the FBI announced on October 28 it was reviewing additional emails relating to the server while Clinton was secretary of state, triggering a selloff in global markets.
Clinton is seen by investors as offering greater certainty and stability, and, until last week's stumble, had been seen as the likely victor in Tuesday's presidential vote.
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