U.S. election, China NPC, BOJ meeting minutes
A worker at a motorcycle supply shop in Taipei, Taiwan, watches a television broadcast covering the U.S. Presidential election on November 05, 2024.
Annabelle Chih | Getty Images News | Getty Images
SINGAPORE — Asia-Pacific markets were mixed Wednesday after Wall Street surged overnight ahead of the U.S. presidential election results.
Japan’s Nikkei 225 led gains, rising 2.61% to end at 39,480.67. Meanwhile, the Topix rose 1.94% to reach 2,715.92.
The Bank of Japan September monetary policy meeting minutes showed members were in agreement over the central bank raising rates if economic and price growth meets 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’s Hang Seng index was down 2.5% as of its final hour of trading. Mainland China’s CSI 300 fell 0.5% to 4,024.28.
A five-day meeting of China’s National People’s Congress will continue on Wednesday, with investors watching for information on additional stimulus and polices aimed at stabilizing the economy.
In a meeting on Tuesday, the head of the People’s Bank of China said that the central bank planned to maintain supportive monetary policy, according to state media.
Australia’s S&P/ASX 200 closed 0.83% higher at 8,199.5.
Overnight in the U.S., the S&P 500 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 climbed 427.28 points, or 1.02%, to settle at 42,221.88.
Focus was on the results of the U.S. elections, 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.
