Share prices, Bitcoin, and bond yields surged as markets eagerly awaited U.S. presidential election results updates.
Wall Street saw gains in after-hours trading, with the S&P 500 up 1.1% and the Dow Jones Industrial Average rising 1.3%. The Nasdaq Composite also climbed 1.1%. Bond yields followed suit, with the yield on the 10-year Treasury increasing to 4.47% from 4.28% on Tuesday.
In Asian markets, Japan’s Nikkei 225 index advanced 2.3% to 39,341.44, while South Korea’s Kospi edged down 0.2% to 2,570.94. Australia’s S&P/ASX 200 gained 0.9% to 8,207.50.
However, Hong Kong’s Hang Seng index dropped 2.7% to 20,439.58, ending a three-day rally as investors turned to safe-haven assets amid election uncertainties. The Hang Seng Tech Index decreased by 3.3%, while the Shanghai Composite edged up 0.1% to 3,388.70.
Bitcoin’s price spiked 7.7% to $75,255.00 as investors speculated on a Trump victory, given his favorable stance toward cryptocurrencies.
On Tuesday, Wall Street saw additional gains: the S&P 500 closed 1.2% higher at 5,782.76, the Dow Jones added 1% to 42,221.88, and the Nasdaq Composite rose 1.4% to close at 18,439.17.
