Asian stock markets are set to open higher following a strong performance on Wall Street, driven by a Democratic victory in the US midterm elections. The news sparked a drop in oil prices, fueling optimism that the prolonged conflict with Iran could end sooner than expected.
Futures for Japan, Australia, and Hong Kong indicated gains, building on the S&P 500's biggest rally since August. However, South Korea’s tech-heavy Kospi index futures dipped slightly, reflecting losses in US chip stocks amid concerns over data-center development.
The Nasdaq 100 Index climbed 0.9%, led by significant gains in major tech companies. Microsoft Corp., Amazon.com Inc., and Apple Inc. each surged over 5%, contributing to the broader market advance.