Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders react positively to the Democrats’ decisive victory in the midterm elections after they won control of both the House and Senate, with crude oil prices plummeting on hopes of a potential end to the Middle East conflict. Asian markets closed mixed on Wednesday.

However, rising uncertainty over tech regulation, trade policy and the U.S. budget deficit is weighing on market sentiment.