Asian shares pick pace as world awaits US election results

Asian shares pick pace as world awaits US election results

As the world awaits the US election results, shares in Asia advanced on Thursday after stocks rallied on Wall Street as investors embraced the upside of more gridlock in Washington, sending the S&P 500 index up 2.2%. Hong Kong’s benchmark led the region, gaining 2.4%, while shares also rose by more than 1% in Tokyo and South Korea. Overnight, the S&P 500 rose 2.2% for its best day in five months. The benchmark index had gained 3.5% before the market lost some of its momentum toward the end of the day