(RTTNews.com) - The Asian stock markets are expected to open higher on Wednesday as the U.S. presidential election draws to a close, finally bringing some clarity to the future of the world's largest economy.
Strength is expected as the uncertainty about the outcome of the presidential race between President Barack Obama and Republican challenger Mitt Romney hopefully draws to a close.
A win for Obama is expected to be good news for the alternative energy, telecom, and housing sectors, while a win for Romney could benefit the defense, resource, and financial sectors.
Traders are also likely to keep an eye on which party controls the House and the Senate following the elections.
The major U.S. averages were higher on Tuesday as the Dow jumped 133.24 points or 1 percent to finish at 13,245.68, while the NASDAQ rose 12.27 points or 0.4 percent to end at 3,011.93 and the S&P 500 climbed 11.13 points or 0.8 percent to close at 1,428.39.
The major European markets were higher on Tuesday as the DAX of Germany added 0.70 percent to 7,377.76, while the CAC 40 of France collected 0.87 percent to end at 3,478.66.
The FTSE of London gained 0.79 percent to close at 5,884.90 and the Swiss market gained 0.59 percent to close at 6,745.74.
The Asian markets were mixed on Tuesday as South Korea surged 1.05 percent, while Taiwan gathered 0.71 percent, New Zealand climbed 0.50 percent, India collected 0.29 percent, Indonesia was up 0.26 percent and Australia added 0.22 percent.
Moving lower, Hong Kong's Hang Seng shed 0.28 percent, while Japan's Nikkei dipped 0.36 percent, China's Shanghai Composite lost 0.38 percent, Singapore's Straits Times retreated 0.41 percent, Thailand dropped 0.45 percent and Malaysia fell 0.51 percent.
nasdaq.com
Strength is expected as the uncertainty about the outcome of the presidential race between President Barack Obama and Republican challenger Mitt Romney hopefully draws to a close.
A win for Obama is expected to be good news for the alternative energy, telecom, and housing sectors, while a win for Romney could benefit the defense, resource, and financial sectors.
Traders are also likely to keep an eye on which party controls the House and the Senate following the elections.
The major U.S. averages were higher on Tuesday as the Dow jumped 133.24 points or 1 percent to finish at 13,245.68, while the NASDAQ rose 12.27 points or 0.4 percent to end at 3,011.93 and the S&P 500 climbed 11.13 points or 0.8 percent to close at 1,428.39.
The major European markets were higher on Tuesday as the DAX of Germany added 0.70 percent to 7,377.76, while the CAC 40 of France collected 0.87 percent to end at 3,478.66.
The FTSE of London gained 0.79 percent to close at 5,884.90 and the Swiss market gained 0.59 percent to close at 6,745.74.
The Asian markets were mixed on Tuesday as South Korea surged 1.05 percent, while Taiwan gathered 0.71 percent, New Zealand climbed 0.50 percent, India collected 0.29 percent, Indonesia was up 0.26 percent and Australia added 0.22 percent.
Moving lower, Hong Kong's Hang Seng shed 0.28 percent, while Japan's Nikkei dipped 0.36 percent, China's Shanghai Composite lost 0.38 percent, Singapore's Straits Times retreated 0.41 percent, Thailand dropped 0.45 percent and Malaysia fell 0.51 percent.
nasdaq.com
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