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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