BEIJING – Asian stock markets were mixed Friday after Wall Street rose amid protracted vote-counting following this week's U.S.
elections.Tokyo and Sydney advanced while Shanghai, Hong Kong and Seoul declined.Markets are betting on control of the U.S. Congress being split between Republicans and Democrats, which could mean low taxes and light regulation that investors like stay in place.On Wall Street, the benchmark S&P 500 index closed 1.9% higher.
It is moving toward its biggest weekly gain since April.“I find it remarkable how relaxed these markets are under the circumstances,” said Craig Erlam of Oanda in a report.