Asian stocks were mostly higher on Thursday as investors continued to wait for the result of the United States presidential election.
The Japanese benchmark Nikkei 225 closed up by 1.7%, South Korean Kospi jumped 1.5% to 2,393.03 and Hang Seng Index climbed up by more than 2% throughout the morning.
Investment manager Jackson Wong said Asian investors woke up to news that Democrat Joe Biden had inched closer to the 270 Electoral College votes needed to win the US presidential election and welcomed the news which in turn boosted markets.
Democrat Joe Biden won the battleground prizes of Michigan and Wisconsin on Wednesday, reclaiming a key part of the “blue wall” that slipped away from Democrats four years ago and dramatically narrowing Republican President Donald Trump’s pathway to reelection.
A full day after Election Day, neither candidate had cleared the 270 Electoral College votes needed to win the White House.