ASIAN STOCKS TRADED MIXED WHILE EUROPEAN STOCKS TRADED HIGHER

Asian stocks were mixed on Wednesday as investors anxiously awaited results of U.S. runoff elections that would determine the legislative balance of power in the world's largest economy while oil prices rose on news of planned output cuts.

The Shanghai Composite gained 0.63% and the Hang Seng rose 0.15% and the straits Times surged 0.12%. The Jakarta Composite lost 1.17%,the set Composites fell 0.95%,the Kospi was off 0.75%, the Nikkei 225 plunged 0.38%.

European stocks were modestly higher on Wednesday morning as the coronavirus pandemic and U.S. political developments remain a key focus for investors.

The FTSE 100 is up 1.56% while the DAX gains 0.77%. The CAC 40 is off 0.75%.

North and South American markets finished higher on Tuesday with shares in U.S. leading the region.