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.
The Nikkei opened the session lower but quickly swung to positive territory and closed 0.9% higher from the previous day at 24,325.23, its highest level since November 1991. Other Asian markets have been buoyed as a Biden win has appeared within reach.
