Asian stock markets were mainly higher today, as China's exports showed
a slight pickup. This is as Indonesian stocks rocketed, despite contested
presidential election results.
South Korea's Kospi rose 0.2% to 2,003.63, despite the central bank
lowering this year's growth outlook. Hong Kong's Hang Seng increased by 0.2% to
23,227.91 and China's Shanghai Composite increased 0.1% higher to 2,040.92. Australian,
Singaporean and Thai stocks also gained ground.
In Indonesia, the benchmark stock index exceeded by 2% following the first
count of the country's presidential election revealing a narrow victory for
Joko Widodo. Despite Prabowo Subianto’s refusal to concede, investors seem to believe
the result was distinguished.
