Global stock markets climb on prospect of Biden presidency-

Investors think that the Democrat could be hamstrung by the Senate and unable to pass stimulus, meaning a better outlook for tech and health stocks.

Shares in Asia Pacific have climbed to their highest point for nearly three years as Joe Biden edged closer to becoming the next president of the United States.
As the Democrat challenger sought the remaining six electoral college votes he needs for victory, investors on the other side of the world were betting that he would make it to the magic figure of 270 and end uncertainty over the outcome of the election in the world’s biggest economy.

Bond markets assumed a divided government would greatly reduce the chance of debt-funded spending on stimulus and infrastructure next year, and thus less bond supply.