Asian stocks mixed as mid-term elections approach

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Asian stocks mixed as mid-term elections approach

SYDNEY, NSW, Australia-stocks in Asia were mixed on Wednesday.

The Nikkei 225 in Tokyo fell by 156.07 points or 0.56 percent to 27,716. The Australian All Ordinaries gained 37.30 points or 0.52 percent to 7,187. In New Zealand, the S&P NZX 50 fell 8.41 points or 0.08 percent to 11,143. The Hang Seng was down 260 points at the time of writing in Hong Kong. China's Shanghai Composite was off 12 points.

The U.S. dollar was not changed as news was filtering through late Asian trading that the predicted red wave of support for Republicans in the mid-term elections failed to materialize. The race for control of the Senate and House of Representatives, based on early counting, is now a neck-to-neck affair with both Democrats and Republicans in the running.

Wednesday, the euro went up around 1.0057. The British pound was up to 1.1528. The Japanese yen retained overnight gains to trade at 145.72. The Canadian dollar went up to 1.3447. The Australian dollar was a bit less than 0.6490. The New Zealand dollar was trading strongly at 0.5932.

Overnight on Wall Street, the Dow Jones rallied 306.30 points or 0.93 percent to 33,133. The Nasdaq Composite climbed 26.05 points or 0.25 percent to 10,590. The Standard and Poor's 500 advanced by 18.46 points or 0.48 percent to 3,825.