Just read that overseas markets are surging now that the election is over.
HONG KONG (AP) — Asian stocks rose sharply in early trade Wednesday, with Japan's benchmark advancing almost 3 percent, as sentiment turned upbeat after U.S. markets soared on Election Day.
Japan's Nikkei 225 stock average climbed 2.9 percent to 9,377.53, and South Korea's Kospi advanced 3.2 percent to 1,190.03. Markets in Singapore, Australia, Shanghai and New Zealand also traded higher.
The upswing followed Wall Street, where investors brushed off more signs of a slumping U.S. economy and piled into stocks.
Global investors also were looking forward to the end of political uncertainty created by the U.S. election and hopeful that Sen. Barack Obama would focus on boosting the American economy — a vital Asian export market — should he win the presidency.
"We are definitely upbeat now about the market direction. I think investors and funds will be coming in and buying aggressively until the end of year," said Alex Tang, head of research at Core Pacific-Yamaichi in Hong Kong.
"I think investors also are hoping that Obama can make a number of changes to help the economy," he added.
