SINGAPORE — Stocks in Asia-Pacific were higher in Thursday trade as investors continue to wait for the result of the U.S. election.
Hong Kong's Hang Seng index led gains among the region's major markets as it surged 1.96%, with shares of Alibaba listed in the city up nearly 4%. The stock's gain follows a more than 7% Wednesday tumble after the anticipated initial public offering of affiliate Ant Group was suspended amid regulatory concerns.
In Japan, the Nikkei 225 advanced 1.12% while the Topix index traded 0.78% higher. Over in South Korea, the Kospi also gained 1.6%.
Mainland Chinese stocks were also higher, with the Shanghai composite up 0.75% while the Shenzhen component advanced 1.159%.
Meanwhile, shares in Australia rose, with the S&P/ASX 200 gaining 1.19%. Australia's exports of goods and services rose 4% month-on-month in September on a seasonally adjusted basis, according to data released Thursday by the country's Bureau of Statistics.
MSCI's broadest index of Asia-Pacific shares outside Japan traded 1.4% higher.
Investor focus likely remained on the U.S. election, though a call in the presidential race is not expected anytime soon as several states could take until later this week to complete official tallies, according to officials.
Overnight on Wall Street, stocks stateside rose despite the uncertainty surrounding the U.S. presidential contest. The Dow Jones Industrial Average jumped 367.63 points to close at 27,847.66. The S&P 500 ended its trading day 2.2% higher at 3,443.44 while the Nasdaq Composite surged 3.9% to close at 11,590.78.
Oil prices fall
Oil prices were lower in the morning of Asian trading hours, with international benchmark Brent crude futures down 1.21% to $40.73 per barrel. U.S. crude futures also slipped 1.17% to $38.69 per barrel.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 93.473 after its earlier drop from levels above 93.6.
The Japanese yen traded at 104.27 per dollar after strengthening yesterday from levels above 104.8 against the greenback. The Australian dollar changed hands at $0.7164 following yesterday's rise from levels below $0.712.
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November 05, 2020 at 06:41AM
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Asia-Pacific stocks rise as investors wait for U.S. election result; Australia's exports increase in September - CNBC
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