Asian stocks bounce on optimism after FBI clears Clinton
No criminal charges are warranted against Hillary Clinton
Hong Kong — Asian stocks bounced and the dollar strengthened on Monday after the Federal Bureau of Investigation (FBI) said it stood by its earlier recommendation that no criminal charges were warranted against Democrat Hillary Clinton. The news lifted a cloud over Clinton’s presidential campaign two days before the US election, and boosted S&P 500 index futures by 1.2%, a gain that is likely to snap a nine-day losing streak in the US stock index — its longest in more than 35 years. European stock indices were expected to follow Asia higher. But volumes were thin, indicating many investors had already taken to the sidelines ahead of the vote. MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.8%. Leading regional gainers were Australian stocks and Japanese shares with gains of 1.3% and 1.2%, respectively. "This will surely boost the chance of Clinton’s victory. Barring another unexpected scandal on her side, it looks likely that she will win the race," said Norihi...
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