Global Markets Rally On Odds Of Biden Win, Divided US Congress

SHARES across the globe are rising sharply as the U.S. election results so far point to the odds of Democratic nominee Joe Biden winning the presidency and the U.S congress remaining divided among Republicans and Democrats.

All global stock indices rose after investors ignored the US election race and turned away from expectations, while technology companies supported the performance of some markets.

On Wall Street, the Dow Jones Industrial Average rose 2.5%, the S&P Index rose 3.7%, and the Nasdaq Composite Index rose 4.3%. In Europe, the German DAX index rose 2%, the British FTSE Index rose 1.7%, and the French CAC index rose 2.4%.

Japanese stocks also rose, while markets watched cautiously the results of the presidential election in the United States, and the Nikkei index rose 1.72%, giving up part of its early gains, which exceeded 2%, to touch the highest level since February. The broader Topix index gained 1.2%.