Asia report: Stocks rise on Wall St surge, possible Biden win

Asian shares closed higher on Thursday on the back of a strong Wall Street performance and prospect of Joe Biden winning the White House.

Japan’s Nikkei, Hong Kong’s Hang Seng and China’s Shanghai indices all finished the session higher.

The Hang Seng close up 3.67% to lead the charge. South Korea’s Kospi gained 2.39. In Australia, the S&P/ASX 200 closed 1.27% higher.

Australia’s exports of goods and services in September rose 4% month-on-month on a seasonally adjusted basis, according to data released Thursday by the Bureau of Statistics.

In Hong Kong, shares of Alibaba were up 6.28% after falling 7% on Wednesday when the anticipated initial public offering of affiliate Ant Group was suspended due to regulatory concerns.

Shares in Chinese tech giant Tencent also saw its shares in Hong Kong gain 6.2%.

In Japan, shares of conglomerate Softbank Group jumped 5.13%. Kakao Games shares in South Korea also rose 4.15%.