ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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.

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more