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Asian stocks outside Japan fell in early trading, primarily influenced by declines in Hong Kong-listed Chinese technology shares, as Donald Trump gained an early lead in the US presidential election. The MSCI Asia Pacific Excluding Japan Index dropped nearly 1%, with Alibaba Group and Meituan significantly impacting the benchmark. As votes continue to be counted, the likelihood of a Trump victory has increased in betting markets and forecasting platforms.
Emerging-market stocks are on track for their worst month since January, driven by concerns over the US presidential election and letdowns from China's stimulus measures. The MSCI Emerging Markets Index has declined for four consecutive days, with major losses attributed to Samsung Electronics, Alibaba, Tencent, and Meituan. Hong Kong-listed shares have been particularly hard hit, while mainland stocks ended a four-day rally.
Alibaba Group Holding Ltd.
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hong kong stocks decline as trump gains early lead in election
04:22 06.11.2024
emerging market stocks face steep decline amid election fears and china's stimulus woes
Meituan
Alibaba Group Holding Limited
Tencent Holdings Limited
Samsung Electronics Co.
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Alibaba Group Holding Ltd.
Tencent Holdings Ltd.
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13:08 24.10.2024
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