(US midterms) Regional markets broadly higher

Business | 7 Nov 2018 10:59 am

Major benchmarks in Asia were mostly higher today as investors waited for results from the midterm elections in the U.S., which could affect the regional economy.

Japan’s benchmark Nikkei 225 added 0.7 percent in early trading to 22,300.38 ahead of the results. Australia’s S&P/ASX 200 lost 0.5 percent to 5,846.80.

"Asia Pacific stocks are looking at a positive start to a session that could end anywhere. Results from the U.S. midterm elections will start arriving later this morning. Local investors and traders will look to the U.S. dollar and out-of-hours index futures for a guide to the impact of any change in control of the U.S. Congress,” said Michael McCarthy, chief market strategist at CMC Markets in Sydney.-AP

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