US Election Results As Expected, World Stock Exchange Strengthens

US Election Results As Expected, World Stock Exchange Strengthens
Pedestrians crossed the stock information board showing the Nikkei 225 index in front of a securities company on Toky. Photo: AP

MPCore.us – World stock exchanges rose on Wednesday (7/11), supported by US midterm election results which were assessed in accordance with the expectations of investors.

Although the Democrats won in the Parliament, investors did not anticipate the elimination of tax cuts and the enactment of new federal regulations.

Democrats won more than 23 seats needed to take control in the Parliament, and the Republic increased the number of their seats in the Senate, causing international shares to rise.

The Financial Times index rose 1 percent, and the Hang Seng index rose more than 3 percent.

During the day in America, the S & P 500 index rose nearly 1.5 percent, the Dow Jones rose more than 1.5 percent, and NASDAQ rose more than 2.3 percent. 

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