Asian markets rise as final debate sees Trump refuse to accept potential defeat

Losing ground to Clinton

Laura Dew
clock • 1 min read

Asian stocks and US equity index futures have risen overnight as Trump loses momentum in the third and final presidential debate.

The MSCI Asia Pacific index rose 0.5% to a month-high thanks to a 1.7% rise in energy shares after the oil price jumped to $51 per barrel.

The Mexican peso also rose to a six-week high, as Donald Trump looked more likely to lose, due to the Republican's criticisms of trade deals with Mexico. The currency has risen 5% this month as support for Trump has waned. 

US futures were flat with the Dow Jones mini and S&P 500 mini indices both up 0.1%.

Speaking to Bloomberg, Irme Speizer, market strategist at Westpac Banking Corp, said: "The peso is slightly stronger, possibly implying there was nothing in the debate to significantly swing the poll away from Clinton. Risk sentiment is likely to remain positive in the wake of the debate."

Gold volatility warning as Trump odds rise 

However, the third debate had less effect on financial markets than the two previous ones as it was less focused on the candidates' policies. 

While topics such as Russia, abortion and immigration were covered, the debate in Las Vegas soon became heated with Trump describing Clinton as a "nasty woman".

Clinton was believed to be the winner of the debate while rival Trump refused to say that he would accept an election loss to Clinton.

He has already criticised Clinton for "rigging" the election campaign but his comments to "keep you in suspense" led to some saying Trump was undermining the US democracy.

According to nationwide pools compiled by Real Clear Politics, Clinton has a 6.2 percentage point lead over her Republican rival. She also has a 3.6 percentage point lead in key swing state Florida.

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