Connect with us

Hi, what are you looking for?

Economy

Asian Markets rally between the uS elections’ controversies

Asian markets rallied Thursday as Joe Biden inched towards becoming the next US president, with investors now hoping lawmakers will soon pass a much-needed new stimulus package.

Traders brushed off Donald Trump´s claims of fraud and of calling to stop vote-counting by calling in lawyers, instead of taking heart from the failure of a Democratic sweep of Congress. This change would have likely led to tax hikes and regulation.

While crucial battleground states remain close, the former vice president said he was confident that “when the count is finished, we believe we will be the winners”.

All three main indexes on Wall Street surged, with the Nasdaq soaring almost 4% as tech titans including Apple and Facebook breathed a sigh of relief.

“Up until about last week, the consensus belief was a full blue sweep — now that´s changing you´re seeing a repricing taking place in the market,” Anna Han, at Wells Fargo Securities, told Bloomberg TV.

Health & Education

CSS 2025 Hundreds of students preparing for the Central Superior Services (CSS) 2025 examinations have taken to the streets in protest, demanding a postponement...

National

Basmati Rice In a significant victory for Pakistan, the long-standing dispute over the ownership of Basmati rice in the global market has resulted in...

Latest Updates

Hamid Khan Pakistan Tehreek-e-Insaf (PTI) Senator and senior lawyer Hamid Khan has announced that the lawyer community will challenge the recent nominations of six...

Science & Tech

SpaceX’s Starlink satellite network experienced a sharp increase in satellite re-entries, with over 120 satellites burning up in Earth’s atmosphere in January, according to...