Picture used for illustrative purpose. File
Asian stock markets mixed, following the ups and downs of US elections.
Tokyo and Sydney rose, on the other hand, Shanghai, Hong Kong and Seoul slumped.
The Shanghai Composite Index fell by 0.7% to 3,296.45, the Nikkei 225 in Tokyo gained 1% to 24,353.15. The Hang Seng in Hong Kong shed 0.2% to 25,649.51.
India's Sensex opened up 0.7% at 41,641.53. New Zealand and Jakarta gained while Singapore and Bangkok declined.
On Wall Street, the markets advanced on Friday as US awaits the presidential election result.
The benchmark S&P 500 index jumped 1.9% higher. It is advancing towards its biggest weekly gain since April.
In a report, Craig Erlam of Oanda said it is remarkable how calm the markets are despite the circumstances.
He added that a messy conclusion to the election is what all investors are hoping would be averted.
According to analysts, the uncertainty that comes with challenging the election result in court could drag down stocks.
European stocks grapple for momentum due to new record number of coronavirus cases in Italy and France and the US election.
The pan-European STOXX 600 index was slumped 0.1% by 08:18 GMT after a strong five-day rally that placed the index on its best week since early April.
Technology and healthcare were also affected, the heavyweights weakened after strong gains earlier in the week.
The pan-European STOXX 600 fell 0.7% by 08:10 GMT, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%, on Wall Street, the Dow slumped 1.16%.
Tokyo is leading the Asian market with gains jumping 1.7 per cent while Sydney piled on 0.9 per cent. Euro Stoxx 50 futures fell 0.9% at 06:56 GMT, while German DAX futures shed 0.7% and UK's FTSE futures lost 0.5%.
Japan's Nikkei 225 surged 1.9% to 24,794.44. Australia's S&P/ASX 200 added 1.6% to 6,291.10. In Europe, Stoxx 50 futures were up 1.5% by 06:40 GMT, while German DAX futures and London's FTSE futures gained 1.6% and 1.3%, respectively.
Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney rose while Seoul fell less than 0.1%. The benchmark S&P 500 index on Wall Street closed 1.2% higher and in Europe, the pan-European STOXX 600 was flat at 4%.
The global oil market is rebalancing after damage to demand wrought by the COVID-19 pandemic was met with curbs on output by producers from the Organization of the Petroleum Exporting Countries (Opec), the group’s president said on Tuesday.
Global stock markets and Wall Street futures declined on Tuesday after a selloff in the US Treasury debt eased, helping to allay concern about a possible rise in interest rates.
India’s finance ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the discussions said.