Asian stocks gain as yields rise on election night
Wed, Nov 6, 2024 8:45 AM

Asian stocks gain as yields rise on election night

A Flip by Shubhangi Gupta
Get it on Google Play
Stocks extended election-day gains as traders awaited results, with S&P 500 futures rising nearly 0.5%, 10-year Treasury yields increasing, and Bitcoin rallying, indicating a potential Trump victory. Markets showed signs of last-minute positioning, with investors boosting bullish options positions in Treasuries and volatility gauges surging.

More great flips

Trump Media share price surge 40% overnight on Robinhood

Trump Media share price surge 40% overnight on Robinhood

Shares of Trump Media & Technology Group, the social media company founded by former U.S. President Donald Trump, surged as early results from the U.S. presidential election began to roll in. The stock rallied 10% by the close of formal after-hours trading on Tuesday, the US Election Day. The upward momentum continued during special late trading on the Robinhood platform.

Open Flip
Subscribe for Swiggy Ltd IPO; Motilal Oswal

Subscribe for Swiggy Ltd IPO; Motilal Oswal

Swiggy pioneered India's hyperlocal commerce industry, leading in food delivery and quick commerce with high growth potential. The company is expected to grow 17-22% and 60-80% in these segments, respectively, over CY23-28. Despite being loss-making, the IPO is reasonably priced at 7.8x FY24 Market Cap to Sales.

Open Flip
Nifty IT jumps 3% ahead of US election outcome; TCS, Infosys among lead...

Nifty IT jumps 3% ahead of US election outcome; TCS, Infosys among lead...

IT stocks posted strong gains in Wednesday morning trade, lifting the Nifty IT sectoral index higher despite ongoing uncertainty surrounding the 2024 U.S. election outcome. The Nifty IT index jumped over 3 per cent with stocks such as Persistent Systems, LTIMindtree, TCS, Infosys and Wipro, HCL Tech and Tech Mahindra jumping 3-4 per cent. Around 11:10 am, the IT pack was up with gains of 3.05%.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon