Overseas Trading: Asian Stocks Rally as Clinton Claims Victory

Asian stocks rallied in the wake of the first U.S. presidential debate

by Karee Venema

Published on Sep 27, 2016 at 8:46 AM
Updated on Jun 24, 2020 at 10:16 AM

Asian markets closed higher today, in the wake of the first U.S. presidential debate between candidates Hillary Clinton and Donald Trump -- in which it was concluded Democratic nominee Clinton claimed victory over Republican rival Trump. In Japan, a cooling yen fueled gains in exporters, with the Nikkei adding 0.8% by the close.

Hong Kong's Hang Seng, meanwhile, jumped 1.1% -- paced by a rally in stocks with market exposure to the U.S. Elsewhere, South Korea's Kospi tacked on 0.8%, while China's Shanghai Composite added 0.6%.

European stocks are lower at midday, led by a sell-off in energy and banking shares. Crude oil prices are feeling the heat, after an Iranian oil minister indicated an output agreement will likely not be reached in an informal meeting of global oil producers in Algeria. Financial stocks, meanwhile, are being pressured by a continued sell-off in German-based lender Deutsche Bank. At last check, the German DAX is off 0.9%, the French CAC 40 is down 0.6%, and London's FTSE 100 has surrendered 0.4%.

overseas trading september 27

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