Washington, November 9: The Asian markets opened on a strong note celebrating Joe Biden's victory in the US Presidential Election against Donald Trump. The US markets showed similar trends with futures for the major New York Stock Exchange indices rising on Sunday evening ahead of the week’s trading.

The futures contracts generally provide the direction that the financial markets take when trading opens. Wall Street on Friday had finished their best week in months as Biden had moved closer to victory against Donald Trump. The US markets looked ready to welcome Joe Biden as the 46th US President. 'Joe Biden Elected 46th US President': CNN, AP, NYT, Fox Declare Final Election Results After He Wins Pennsylvania Taking Electoral Vote Count to 284.

Asian markets started strong, thus lifting uncertainty surrounding the nail-biting 2020 contest. The US dollar weakened against the Japanese yen, trading at around 103.25 yen per dollar.  Australia's equity benchmark, as well as South Korea's Kospi index surged more than 1.7 percent. Japan's Nikkei Stock Average had jumped over 500 points continuing to rise after reaching a 29-year high on Friday. The Indian markets are also expected to open on a strong note echoing positive sentiments in the global stock markets.

(The above story first appeared on LatestLY on Nov 09, 2020 08:22 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).