Asian Stocks Up, Mostly Unperturbed by Chaos in Washington D.C.

Asian Stocks Up, Mostly Unperturbed by Chaos in Washington D.C.

Asia Pacific stocks were mostly up on Thursday morning, with a Democrat sweep in U.S. Senate runoff elections in Georgia seeming to override a tumultuous Wednesday in Washington D.C.

Japan’s Nikkei225 rose 1.84% by 9:51 PM ET (2:51 AM GMT). Japan is set to declare a fresh state of emergency for Tokyo and the neighboring Saitama, Kanagawa and Chiba prefectures later in the day. The state of emergency, which will take effect on Friday, is set to last until Feb. 7.

South Korea’s KOSPI  jumped 2.20%.

In Australia, the ASX 200 gained 1.76%. Prime Minister Scott Morrison said that the national cabinet will meet on Friday, a month ahead of schedule.

Hong Kong’s Hang Seng Index inched down 0.02%.

China’s Shanghai Composite  edged up 0.17% while the Shenzhen Component was down 0.39%. Reports that the U.S. is considering adding Alibaba  Group Holding Ltd  and Tencent Holdings Ltd  to a blacklist of Chinese companies allegedly owned or controlled by the Chinese military continue to ramp up tensions with China.

Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down  by 0.34 % to 3,538.49. Hong Kong’s Hang Seng Index was down  about 0.41% to 27,575.50.

Japan’s benchmark Nikkei average. Nikkei 225 is trading up 1.48 percent at 27,456. on  Thursday, while the broader TOPIX  100 rose  1.78 percent to 1,188.61. South Korea’s Kospi was up by 2.47% to 3041.14.

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