Nikkei Surges After Biden Win
Tokyo's benchmark stock index surged on Monday to its highest in nearly three decades. That's after Joe Biden's victory in the US election ended days of uncertainty about who will lead the world's biggest economy.
The Nikkei Average finished at 24,839, up 2.1 percent from Friday. It rose more than 600 points at one stage to touch its highest since November 1991.
The index has now gained for five straight days, boosted by signs of a pick-up in earnings at Japanese firms in the wake of the coronavirus.
The bullish mood extended to other markets in the Asia-Pacific region.
Shanghai and Sydney both ended up around 1.8 percent. While Seoul and Hong Kong climbed more than 1 percent.
