Asian Stocks Rise After Presidential Debate as Thai Shares Slump
- Friday’s U.S. jobs report signals Fed rate rise in December
- Markets in Hong Kong, Japan and Taiwan shut for holidays
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Asian stocks rose following the second U.S. presidential debate between Hillary Clinton and Donald Trump, while Thai shares tumbled after the royal palace said the king’s condition was unstable.
The MSCI Asia Pacific excluding Japan Index added 0.1 percent as of 4 p.m. in Hong Kong. Chinese stocks rose as the nation’s markets reopened after a weeklong break. Thai shares headed for the steepest drop in more than a year, while Philippines equities fell for a fourth day. Republican nominee Trump’s reputation took a blow after a 2005 video surfaced of him talking in vulgar and degrading terms about women. An American jobs report on Friday showed its central bank remains on course to lift interest rates in December.