Asian shares mixed as US polls signal no clear leader
US presidential election polling data showed no clear advantage between Kamala Harris and Donald Trump. Oil rose after OPEC+ delayed a hike in output.
The greenback dropped against most major currencies such as the yen and the Australian dollar in early Monday trading, while 10-year Treasury futures rose.
The weakening of the greenback was a sign to some that investors may be walking back confidence in a victory for Donald Trump, after a poll by the Des Moines Register showed Harris with a 47%-44% lead in Iowa — a state Trump has won in each of his prior elections. One element of the so-called Trump trade favors higher Treasury yields and a stronger US dollar.
Polls released Sunday showed the two candidates poised for a photo finish, with voters narrowly split both nationally and across the pivotal swing states.
Shares in Australia and South Korea climbed. US stock futures slipped, however, after Wall Street’s gains Friday following robust earnings from the likes of Amazon.com and Intel Corp. Japanese markets are closed for a holiday, which means there will be no Treasuries trading in Asian hours.
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