Asian markets follow Wall Street higher ahead of election
TOKYO โ Asian stock markets followed Wall Street higher on Tuesday as investors watched for U.S. election results, hoping a win by challenger Joe Biden in the presidential race might lead to more economic stimulus. Traders are betting that Biden might push for a bigger U.S. stimulus if he unseats President Donald Trump. On Monday, Wall Street closed higher amid indications Biden might be leading. Markets are uneasy about rising infection rates in Europe, which are prompting more governments to reimpose restrictions on travel and business. On Wall Street, the benchmark S&P 500 index rose 1.2% to 3,310.24.