Asian shares gain on Obama's victory in presidential election

Source: Bloomberg
© scanpix/AFP
Asian stocks rallied after Barack Obama won the election. The MSCI Asia Pacific Index (MXAP) rose 0.6% on positive gauges of technology, telecommunications and materials companies, whereas futures on S&P 500 index lost 0.3%. The largest Japanese carmaker Nissan Motor Co. gained 4.1%, as orders improved amid Obama being re-elected. Chinese Communist party holds their meeting tomorrow to decide on next leader of the nation.
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Wed, 07 Nov 2012 09:57:20 GMT

Greenback weakens on Obama's victory

The U.S. Dollar fell on speculation Barack Obama's re-election victory will increase chances that the U.S. will keep the monetary stimulus measures, which tend to debase the nation's currency. The greenback lost 0.4% to $1.2861 per Euro as of 2:48 p.m. in Tokyo, after earlier rising 0.2%. The Dollar weakened 0.4% to 80.07 yen. 

Tue, 06 Nov 2012 19:23:18 GMT

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