A worker at a motorcycle supply store in Taipei, Taiwan, watches a television broadcast covering the November 5, 2024, US Presidential election.
Annabelle Chih Getty Images News | Getty Images
SINGAPORE – Asia-Pacific markets were mixed on Wednesday after Wall Street rose overnight ahead of US presidential election results.
Japan Nikkei 225 led the gains, up 2.61% to end at 39,480.67. Meanwhile, the Topix rose 1.94% to 2,715.92.
The Bank of Japan’s September monetary policy meeting minutes show members were in agreement through the central bank to raise rates if economic growth and prices meet expectations.
South Korea’s Kospi ended the day down 0.52% to end at 2,563.51, while the Kosdaq closed down 1.13% at 743.31.
Hong Kong Hang Seng Index down 2.5% in the last hour of trading. Mainland China’s CSI 300 fell 0.5% to 4,024.28.
The five-day meeting of China’s National People’s Congress will continue on Wednesday, with investors watching for information on additional stimulus and policies to stabilize the economy.
At a meeting on Tuesday, the head of the People’s Bank of China said the central bank plans to maintain a supportive monetary policy, according to state media.
Australia’s S&P/ASX 200 closed 0.83% higher at 8,199.5.
Overnight in the USA, the S&P 500 The index gained 1.23% to close at 5,782.76, while the Nasdaq Composite advanced 1.43% to 18,439.17. The Dow Jones Industrial Average rose 427.28 points, or 1.02%, to 42,221.88.
The focus is on the US election results, with former President Donald Trump declaring victory after being projected to win three key battleground states by NBC News.
Follow CNBC’s 2024 election live blog here.
– CNBC’s Jesse Pound and Samantha Subin contributed to this report.
