Asia-Pacific markets traded mixed on Wednesday as investors monitored the ongoing US midterm election results. Early indications suggested a potential Democratic victory, influencing market sentiment following a mixed performance on Wall Street.
South Korea's Kospi index rebounded with a 1.6% gain, while Japan's Nikkei 225 fell 1.56% and the Topix slipped 0.55%. Australia's ASX 200 also recorded a decline of 0.52% during the session.
US stock futures turned negative as traders reacted to the election developments, with S&P 500 and Nasdaq-100 futures both shedding value. Meanwhile, Brent crude oil prices rose 0.69% to $104 per barrel amid uncertainty surrounding US-Iran peace negotiations.
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