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Markets

Japan's Nikkei index at 29-year high after US election

Asia warms to prospect of Biden presidency and shrugs off political deadlock

Markets across Asia have shown a relaxed reaction to the election drama unfolding in the U.S. (Photo by Taro Yokosawa)

TOKYO/HONG KONG -- Japan's benchmark Nikkei 225 index hit a 29-year high on Friday, reflecting a relaxed reaction across Asia to the emerging outcome of the U.S. election, with Joe Biden strongly favored to win the presidency in spite of President Donald Trump's accusations of fraud during a press conference in the morning.

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