Most Asian markets rose with the dollar and bitcoin on Wednesday as traders await the outcome of the knife-edge US presidential election, with bets increasing on a Donald Trump victory as early results rolled in. In early trade, markets in Tokyo, Sydney, Shanghai, Seoul, Singapore, Wellington and Taipei rose, though there were losses in Hong Kong.

Most Asian markets rose with the dollar and bitcoin on Wednesday as traders await the outcome of the knife-edge US presidential election, with bets increasing on a Donald Trump victory as early results rolled in. In early trade, markets in Tokyo, Sydney, Shanghai, Seoul, Singapore, Wellington and Taipei rose, though there were losses in Hong Kong.

HONG KONG (Nov 6): The dollar surged and bitcoin hit a record high today before Donald Trump claimed victory in the US election, with traders ramping up bets on fresh tax cuts, tariffs, and rising inflation. While polls had shown the race on a knife edge, the Republican fared far better than his Democratic opponentRead More

HONG KONG: The dollar surged and bitcoin hit a record high Wednesday before Donald Trump claimed victory in the US election, with traders ramping up b...

News that the former president's party had won control of the Senate boosted the prospect of sweeping tax cuts, more tariffs and deregulation - seen as a boost for the greenback.

The EUR/USD pair falls to around 1.0805 during the Asian trading hours on Wednesday.

With the stage set for the US elections, could a Donald Trump win spark a bullish turn for the Indian stock market, or will uncertainty keep investors on edge?