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World shares mixed as investors await outcome of US midterms election

Financial markets have been on a roller-coaster ride and the election Tuesday could roil things further

AP | PTI  |  Bangkok 

Donald Trump, economic policies, US economy
Illustration by Ajay Mohanty

Share prices were mixed in and on Tuesday as cautious world investors awaited the outcome of the US midterm elections.

Britain's lost 0.1 per cent to 7,093.77 while Germany's DAX added 0.2 percent to 11,514.21. The in was flat at 5,101.42.

Wall Street was likewise headed for a lackluster start, with the futures contract for the Dow Jones Industrial Average up less than 0.1 per cent at 25,543.00 and the future contract down 0.1 per cent at 2,736.70.

Japan's index jumped 1.1 per cent to 22,147.75 and the in added 0.6 per cent to 2,089.62.

The Shanghai Composite index slipped 0.2 per cent to 2,659.36 and Hong Kong's Hang Seng bounced back, gaining 0.7 per cent to 26,120.96. Australia's S&P advanced 1.0 per cent to 5,875.20. Shares fell in but rose in and

Markets were closed in and for a public holiday.

Financial markets have been on a roller-coaster ride and the election Tuesday could roil things further.

US midterms, votes on lawmakers and other officials that fall between presidential elections, are often marked by low voter turnout. But political watchers are expecting voter angst over which party will control the and to drive more Americans to cast votes. will be watching to see how the vote might influence US. trade, economic and security policies.

"US midterms may not spring any shocks in terms of who wins control of what but investors are understandably taking a cautious approach ahead of the results, given how markets have been over the last month," of said in a commentary.

Keeping hopes alight for resolving a punishing trade war between the two biggest economies, a Chinese vice president, Wang Qishan, said at a conference in that is ready to discuss issues with the

ALSO READ: US midterms: Democrats banking on anti-Trump mood to shine in polls

That followed positive assessments by both Chinese officials and of a phone conversation last week between Trump and China's

Benchmark U.S. crude slipped 28 cents to $62.82 per barrel in electronic trading on the It lost 4 cents to $63.10 a barrel on Monday.

Brent crude, used to price oils, dropped 51 cents to $72.66 per barrel.

The dollar rose to 113.29 yen from 113.20 yen. The climbed to $1.1414 from $1.1408.

First Published: Tue, November 06 2018. 15:25 IST
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