Asian shares rise over 1%, dollar hits two-month low

Asian shares and US futures rose on Monday (Nov 9) on relief the US presidential election results were finally decided, with Joe Biden the president-elect.

Asian Shares

Japan’s Nikkei 225 surged 1.9 per cent to 24,794.44.
Australia’s S&P/ASX 200 added 1.6 per cent to 6,291.10. South Korea’s Kospi added 1.1 per cent to 2,444.13.
Hong Kong’s Hang Seng rose 1.3 per cent to 26,037.96, while the Shanghai Composite gained 1.2 per cent to 3,350.34.

Oil Prices

In energy trading, U.S. benchmark crude gained US$1.01 to US$38.15 a barrel in electronic trading on the New York Mercantile Exchange.
It fell US$1.65 on Friday to US$37.14 per barrel.
Brent crude, the international standard, rose US$1.03 to US$40.48 a barrel.

Currency Markets

The dollar inched down to 103.33 Japanese yen from 103.35 yen late Friday.
The euro cost US$1.1892, up from US$1.1875.

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