Asian stock markets rise as US elects new leader

[jillan]

wooohooo!

Check it out:

11-04) 21:20 PST HONG KONG, China (AP) --

Asian markets rose Wednesday, tracking overnight gains on Wall Street, amid hopes for a year-end rally and that a new U.S. president would act to boost the sluggish American economy.



With Barack Obama's victory in the U.S. presidential race, investors were hopeful he could focus renewed energy on tackling deteriorating conditions in the world's largest economy — a vital export market — that have dragged on growth around the world, analysts said.

"We are definitely upbeat now about the market direction. I think investors and funds will be coming in and buying aggressively until the end of year," said Alex Tang, head of research at Core Pacific-Yamaichi in Hong Kong.

"Investors also are hoping that Obama can make a number of changes to help the economy," he said.

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/11/04/financial/f211052S44.DTL

[LiberalAndProud]

1. Awesome!