asian share markets were broadly higher monday, with the dollar surging after the u.s. federal bureau of investigation stood by its earlier decision not to recommend charges against demoratic presidential hopeful hillary clinton. japan<u+2019>s nikkei stock average ended up 1.6%, while korea<u+2019>s kospi gained 0.8% and australia<u+2019>s s&p/asx 200 closed 1.4% higher. hong kong<u+2019>s hang seng index gained 0.7%. meanwhile, the dollar rose to <u+00a5>104.46 against the yen following the news of the fbi decision, up from <u+00a5>103.37 earlier. the gains partially reversed the dollar<u+2019>s weakness against the japanese currency over the past week, following fbi director james comey<u+2019>s earlier letter to congress saying the bureau had uncovered new evidence it believed was related to the email server. <u+201c>with the email issue now put to bed, at least for now, it is clearly favorable for clinton<u+2019>s chances at the election,<u+201d> said ray attrill, global head of currency strategy at national australia bank. equity markets rallied, in a sign that stock investors believe a victory for mrs. clinton over her republican rival donald trump in tuesday<u+2019>s election is now more likely. the latest wall street journal/nbc news poll found that 44% of likely voters support mrs. clinton, while 40% support mr. trump. mrs. clinton<u+2019>s 4-point lead is less than half the 11-point edge she enjoyed in a mid-october poll. a victory for the democrats tuesday is expected to be less disruptive for markets and therefore more supportive of an increase in u.s. interest rates in december . in japan, electronics and automotive stocks were leading gains. sumitomo mitsui trust holdings was up 2.7%, while mitsubishi electric gained 2.0% and nissan motor rose 1.7%. nickel futures were up 4.5% at $10,930 per metric ton, while copper futures were up 1.5% at $5,067 per ton monday, leading gains in base metals across the board as risk appetite improved. <u+201c>the investment sentiment in metals has improved after the fbi director<u+2019>s statement,<u+201d> said gnanasekar thiagarajan, director of commtrendz risk management. he said that concerns about potential nickel supply snags from the philippines have also impacted the metal. investors, though, will likely remain wary due to the u.s. elections this week, after a campaign that has proven to be highly unpredictable. <u+201c>we could see a period of high drama before we get the announcement<u+201d> of a winner or even after that, said chris weston, chief market strategist at ig. <u+201c>the playbook is so diverse you don<u+2019>t know how to trade this,<u+201d> he said. in hong kong, key property stocks tumbled after the city<u+2019>s government late friday imposed fresh measures<u+2014>including an increase in transaction taxes<u+2014>to cool the city<u+2019>s home property market . of the developers, cheung kong property holdings was down 8.8%, sun hung kai properties was off 9.9% and new world development lost 9.0%. shares of hsbc extended gains in the afternoon session in hong kong, despite the u.k. banking giant posting a third-quarter net loss of $204 million, reversing from a year-earlier profit of $5.23 billion. the stock gained 3.0% on a better-than expected adjusted pretax profit of $5.59 billion. looking ahead, economic data for china scheduled to be released this week, including trade figures, will be closely watched by the asian market, say traders. <u+2014>yifan xie, hiroyuki kachi, kosaku narioka, biman mukherji and gregor stuart hunter contributed to this article. write to willa plank at willa.plank@wsj.com and james glynn at james.glynn@wsj.com
asian shares gain as fbi clears clinton - wsj
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