Global Markets Up on Election Day
Global markets moved slightly higher today just ahead of Election Day in the United States. In Europe, UBS announced a profit in the most recent quarter after a string of consecutive losses, but the company warned that investors continue to withdraw their money. The DJ Stoxx index lifted 1.8 percent this morning and London's FTSE is up 2 percent.
In Japan, the Nikkei gained 6 percent while the Hang Seng index in Hong Kong closed flat. The DJ Shanghai index fell slightly, closing down 1.2 percent. There is increasing anxiety in China about the downturn in the economy, and the anxiety is not just economic but political. The Post's Ariana Cha reports today about that dynamic and government fears of popular unrest.
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