A post by @FirstSquawk on X.
ASIAN STOCKS ROSE, WITH THE MSCI ASIA PACIFIC INDEX UP 0.3%, TRACKING WALL STREET GAINS AFTER DEMOCRATIC VICTORIES IN THE US MIDTERMS SENT OIL PRICES LOWER. JAPAN’S TOPIX GAINED 2.1% AND AUSTRALIA’S S&P/ASX 200 ROSE 1.3%, WHILE SOUTH…
@FirstSquawk on X
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Asian equities advanced, with the MSCI Asia Pacific Index up 0.3%, as investors tracked Wall Street gains tied to Democratic victories in the US midterms that pushed oil prices lower. Japan’s TOPIX rose 2.1% and Australia’s S&P/ASX 200 added 1.3%, while South Korea’s KOSPI fell 2.7% on weakness in chip stocks. The split performance highlights how the region’s markets are diverging around energy and semiconductor exposure rather than trading as a single bloc.
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Named in this story
MSCI Asia Pacific Index, TOPIX, S&P/ASX 200, KOSPI, Democratic Party