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Biden win boosts global stock markets as Japanese shares soar to 29-year high

Shares surge in Asia Pacific, with the Nikkei reaching its highest level since 1991, after president-elect pledges to try to bring unity to the US

Financial markets around the world have received a marked boost in the wake of Joe Biden’s victory in the US presidential election, with Japanese shares hitting their highest level for nearly three decades and oil prices also climbing.

Stock prices in Europe and New York were also expected to rise sharply on Monday after the president-elect pledged to try to bring unity to the US after four tumultuous years under the Trump administration.

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