NEW YORK:Asian stocks were mixed on Wednesday as investors anxiously awaited results of U.S. runoff elections that would determine the legislative balance of power in the world's largest economy while oil prices rose on news of planned output cuts.
Adding to broader uncertainty in markets was the latest twist in a regulatory saga over whether the New York Stock Exchange would delist three Chinese telecom giants on security grounds.
The Shanghai SE Composite Index rose 0.73% on Tuesday after the NYSE said it would not delist the companies, however, a person familiar with the matter later said the market operator would restart delisting plans.
In Asia, futures for the S&P 500 fell 0.07%, Australian S&P/ASX 200 dipped 0.43% and Japan's Nikkei 225 inched up 0.1%.
In the United States, the tense runoff elections in the state of Georgia will decide whether President Elect Joe Biden will have the majority in the Senate he needs to support his agenda or if he will face gridlock in the early stages of his term.
Results are due on Wednesday morning and analysts say Wall Street is likely set for a rally if Republicans win and a dip if Democrats gain control. Exit poll data on Tuesday suggested extremely tight contests.
"A market pullback seems both reasonable and healthy. But stocks won’t plunge to zero because there is a countervailing positive here," said Phil Orlando, Chief Equity Market Strategist, Federated Hermes of a potential Democratic sweep.
"A Biden honeymoon with Democratic Congress helmed by Nancy Pelosi and Charles Schumer would likely lead to more fiscal stimulus and infrastructure spending. That would serve as a temporary sugar high for stocks in 2021 before the bill comes due in 2022."
Bucking the trend in Asia, South Korea's main KOSPI index surpassed 3,000 for the first time, as investors looked towards a broad recovery in exports.
Wall Street trimmed earlier gains on Tuesday as political uncertainty and the discovery of a more contagious variant of the coronavirus in major hubs like New York City tempered bullishness about the vaccine roll out.
The Dow Jones Industrial Average rose 0.55%, the S&P 500 gained 0.71% and the Nasdaq Composite added 0.95%.
MSCI's gauge of stocks across the globe gained 0.06%.
Emerging market stocks rose 1.19%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.04% higher, while Japan's Nikkei %.
U.S. crude futures climbed 4.9% on Tuesday settling at $49.93 a barrel after Saudi Arabia pledged additional, voluntary oil output cuts. Brent crude futures also jumped 4.9%, settling at $53.60.
The dollar index fell 0.433%, against a basket of major currencies following China's decision to lift its official yuan exchange rate by its highest margin since it abandoned a dollar peg in 2005.
The benchmark U.S. 10-year notes last fell 12/32 in price to yield 0.9549%, from 0.917% late on Monday.
Bitcoin traded at $34,077.96, up 6.41%.
Spot gold XAU= added 0.4% to $1,949.46 an ounce.
Reuters
Wed Jan 06 2021
![Asian stocks mixed as markets await US runoff results Asian stocks mixed as markets await US runoff results](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-01/61609896025_Asianstocks.jpg)
A woman wearing a facial mask, following the coronavirus disease (COVID-19) outbreak, stands in front of an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, January 4, 2021. REUTERS/Kim Kyung-Hoon
Urban Redevelopment Act: A comprehensive solution or a temporary fix?
Datuk Chang Kim Loong, Secretary-General of the National House Buyers Association (HBA), will speak about tackling one of the most pressing urban issues of our time: the Urban Redevelopment Act. Is this legislation the comprehensive solution we’ve been waiting for to eradicate urban slums, or is it merely a temporary fix?
![Ringgit kekal dibuka tinggi, menjelang data KDNK suku kedua Malaysia esok Ringgit kekal dibuka tinggi, menjelang data KDNK suku kedua Malaysia esok](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-01/41705320699_TBringgitmalaysia.jpg)
Ringgit kekal dibuka tinggi, menjelang data KDNK suku kedua Malaysia esok
Pada 8 pagi, ringgit meningkat sedikit kepada 4.4150/4250 berbanding dolar AS daripada 4.4170/4235 ketika ditutup pada Rabu.
#AWANIRingkas 15 Ogos 2024 | 9 AM
Berikut merupakan rangkuman berita setakat 9 pagi, 15 Ogos 2024
1️⃣ TPM wakili Malaysia di EMM di Peru
2️⃣ Misteri kehilangan Nidza Afham
3️⃣ Rundingan gencatan Gaza di Qatar hari ini
#awaniringkas
1️⃣ TPM wakili Malaysia di EMM di Peru
2️⃣ Misteri kehilangan Nidza Afham
3️⃣ Rundingan gencatan Gaza di Qatar hari ini
#awaniringkas
Belia & pekerjaan: Pengangguran belia global menurun, cabaran tetap ada
Walaupun kadar pengangguran belia global menurun, kebimbangan meningkat mengenai belia NEET (tidak bekerja, belajar, atau menjalani latihan). Laporan Pertubuhan Buruh Antarabangsa (ILO) mendedahkan jurang dan cabaran besar yang terus menghantui belia, terutama di wilayah tertentu dan kalangan wanita muda. Bagaimana untuk menganalisis tren global dalam konteks keadaan tempatan bagi memastikan penemuan antarabangsa dapat disesuaikan dengan strategi nasional?
AWANI Pagi I UiTM 25 Tahun, Apa Seterusnya?
Dalam meraikan pencapaian UiTM yang telah mencapai usia 25 tahun, ia kekal sebagai universiti teramai melahirkan graduan yang menyumbang tenaga, dan kemahiran merentas industri di Malaysia.
Ikuti AWANI Pagi untuk kita ikuti bagaimana UiTM mahu kekal melahirkan graduan graduan relevan dalam pasaran dunia yang semakin berubah.
Ikuti AWANI Pagi untuk kita ikuti bagaimana UiTM mahu kekal melahirkan graduan graduan relevan dalam pasaran dunia yang semakin berubah.
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SUHAKAM gesa penggantungan semua operasi pengusiran Bajau Laut
SUHAKAM gesa penggantungan segera semua operasi dan aktiviti pengusiran yang sedang berlaku di Semporna.
Data & Statistik: Kadar pengangguran global belia 2024
Walaupun kadar pengangguran belia global menurun, jumlah belia yang tidak bekerja, belajar, atau menjalani latihan golongan NEET masih membimbangkan. Laporan terkini Pertubuhan Buruh Antarabangsa (ILO) menunjukkan cabaran serius untuk belia, terutamanya di kawasan tertentu dan dalam kalangan wanita muda.
![Pencipta biskut Famous Amos meninggal dunia pada usia 88 tahun Pencipta biskut Famous Amos meninggal dunia pada usia 88 tahun](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/51723685297_WallyAmosJrFamou.jpg)
Pencipta biskut Famous Amos meninggal dunia pada usia 88 tahun
"Famous Amos adalah kisah kejayaan besar Amerika dan sumber kebanggaan bagi masyarakat kulit hitam."
![Lebih 1,600 premis PKS sertai program SOLVE 4 SME Lebih 1,600 premis PKS sertai program SOLVE 4 SME](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/71723651455_TBSOLVE.jpg)
Lebih 1,600 premis PKS sertai program "SOLVE 4 SME"
JKKP memaklumkan penyertaan itu melebihi sasaran jabatan itu dan telah memberi manfaat kepada 70,824 pekerja PKS.
![PRK Nenggiri: PN ada peluang menang, tapi jangan over-confident - Muhyiddin PRK Nenggiri: PN ada peluang menang, tapi jangan over-confident - Muhyiddin](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-04/51713678198_MuhyiddinYassin.jpg)
PRK Nenggiri: "PN ada peluang menang, tapi jangan over-confident" - Muhyiddin
Muhyiddin optimis dengan kemenangan calon PN, Mohd Rizwadi Ismail sekali gus mempertahankan kerusi DUN Nenggiri.
![AS rayu keputusan beri pingat gangsa kepada gimnas Romania AS rayu keputusan beri pingat gangsa kepada gimnas Romania](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/71723446151_JordanChiles.jpg)
AS rayu keputusan beri pingat gangsa kepada gimnas Romania
Gimnastik AS mengemukakan bukti tambahan kepada Mahkamah Timbang Tara Sukan (CAS) untuk menyokong kes atlet Jordan Chiles harus mendapat pingat gangsa.
![Lelaki ada hubungan dengan Iran rancang pembunuhan ahli politik di AS Lelaki ada hubungan dengan Iran rancang pembunuhan ahli politik di AS](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/51723007965_Handcuff.jpg)
Lelaki ada hubungan dengan Iran rancang pembunuhan ahli politik di AS
Seorang lelaki Pakistan yang dipercayai mempunyai hubungan dengan Iran didakwa atas tuduhan merancang pembunuhan seorang ahli politik atau pegawai kerajaan di Amerika Syarikat (AS).
![Houthi berjaya jatuhkan dron AS di Yaman Houthi berjaya jatuhkan dron AS di Yaman](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/81722813178_USMQdrone.jpg)
Houthi berjaya jatuhkan dron AS di Yaman
Pergerakan Houthi di Yaman berjaya menjatuhkan dron AS -MQ-9- di wilayah utara Saada di negara itu pada Ahad.
![Operasi tebang pokok henti kebakaran merebak di California Operasi tebang pokok henti kebakaran merebak di California](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/51722747878_tbwildfirei.jpg)
Operasi tebang pokok henti kebakaran merebak di California
Anggota bomba menjalankan operasi menebang pokok di sekitar Taman Mill di California dalam usaha menghentikan kebakaran hutan merebak pada Sabtu.
![Menteri Palestin mahu AS desak Israel buka lintasan Rafah Menteri Palestin mahu AS desak Israel buka lintasan Rafah](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/51717033376_MajedAbuRamadan.jpg)
Menteri Palestin mahu AS desak Israel buka lintasan Rafah
Majed Abu Ramadan berkata tidak ada petunjuk bahawa pihak berkuasa Israel akan berbuat perkara berkenaan dalam masa terdekat.
![Pesawat turun mendadak kurang dari 10 saat - Penumpang SIA Pesawat turun mendadak kurang dari 10 saat - Penumpang SIA](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/81716342889_TBSIADIES.jpg)
Pesawat turun mendadak kurang dari 10 saat - Penumpang SIA
Salah sorang penumpang pesawat penerbangan Singapore Airlines (SIA) yang mengalami keadaan gelora udara (turbulent) kuat, Dzafran Azmir memberitahu kejadian berlaku dengan sangat pantas.
![Microsoft minta pekerja mereka di China untuk berpindah negara Microsoft minta pekerja mereka di China untuk berpindah negara](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/61716025950_ChinaUSA.jpg)
Microsoft minta pekerja mereka di China untuk berpindah negara
Antara pilihan yang diberikan termasuk AS, Ireland, Australia, dan New Zealand.
![Mayat lelaki ditemui di sempadan Mexico- AS, cetus ketakutan migran lain Mayat lelaki ditemui di sempadan Mexico- AS, cetus ketakutan migran lain](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/41715993230_tbdeathofmigrant.jpg)
Mayat lelaki ditemui di sempadan Mexico- AS, cetus ketakutan migran lain
Pejabat pendakwa raya di utara Mexico menyiasat kematian seorang migran di sebuah lokasi bersempadan dengan Amerika Syarikat (AS) pada Jumaat.
![Baj langgar jambatan di AS akibatkan tumpahan minyak Baj langgar jambatan di AS akibatkan tumpahan minyak](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/71715840247_barge.jpg)
Baj langgar jambatan di AS akibatkan tumpahan minyak
Sebuah baj melanggar jambatan di Galveston, bandar di Pantai Teluk di negeri Texas Amerika Syarikat (AS) pada Rabu menyebabkan tumpahan minyak ke teluk dan sebahagian jambatan itu runtuh.
![Tentera AS edar gambar jeti maritim Gaza siap dibina Tentera AS edar gambar jeti maritim Gaza siap dibina](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-04/51714445539_tbhumanitarianaid.jpg)
Tentera AS edar gambar jeti maritim Gaza siap dibina
Beberapa gambar pembinaan jeti maritim oleh tentera Amerika Syarikat (AS) di Gaza untuk menghantar bantuan kemanusiaan telah diedarkan Komando Pusat AS pada Isnin.