On Monday (4th), Asia-Pacific stock indices generally rose. South Korea's KOSPI index ended its three-day losing streak and rose sharply in the short term, now up 1.25%, leading the Asia-Pacific stock markets. The Hang Seng Technology Index rose 1.13%, and the Taiwan Weighted Index followed suit. Japanese stocks were closed today.
In terms of news, the US presidential election this week is undoubtedly the biggest focus of global attention. The market expects that the Federal Reserve will cut interest rates by 25 basis points after the US election.
Goldman Sachs Group said that global investors overestimated the risk of financial markets falling into uncertainty due to the "difficult birth" of the US presidential election results. Michael Cahill, Lexi Kanter and Alec Phillips of the company said that although they recognize the possibility of tail risks, market participants seem to have overestimated the probability that the delayed release of election results will prevent financial markets from digesting possible election results on election night or the next morning.
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