US poll results keep Asian markets busy with positive sentiment for Biden

With Biden on the brink of victory, Asia investors are warming to the likelihood of a more conventional trade policy and improved foreign relations

For investors in Asia, it’s all about who wins the U.S. presidential election.

While stocks in the region followed their U.S. counterparts higher Thursday, the rally was much broader than seen on Wall Street as positive sentiment toward a Biden-led trade policy outweighed the likelihood of a smaller American stimulus package after the vote.

The MSCI Asia Pacific Index rose as much as 1.5% in a fourth day of gains. The S&P 500 Index closed up over 2%, though an equal-weighted version of the gauge was little changed as the rally was driven by a surge in defensive technology stocks.

With Biden on