Tokyo — Asian stocks rose to a one-month peak on Thursday as investors, relieved to have moved past the US midterm elections without any major political surprises, drove a Wall Street rally, while the dollar bounced and pulled away from two-and-a-half-week lows. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.5%. Hong Kong’s Hang Seng advanced 0.9% and the Shanghai Composite index climbed 0.35%. Australian stocks rose 0.5%, South Korea’s Kopsi added 1.4% and Japan’s Nikkei gained 1.9%. Wall Street’s main indices rose more than 2% on Wednesday, led by the technology and healthcare sectors as the market breathed a sigh of relief after the US midterm elections, in which Democrats wrested control of the House of Representatives and Republicans retained the Senate. “Going forward, we think the removal of uncertainty and realisation of the expected outcome should be supportive for risk assets,” Goldman Sachs analysts said in a report. While a divided Congress will make...
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