Shares in Asia mostly higher after first round of French elections; Nikkei up 1.3%

Equities in Asia were mostly in the green on Monday following the widely-expected results of the first round of presidential elections in France, with exit polls indicating that Emmanuel Macron and Marine Le Pen would progress to the run-off on May 7.

Asian markets were higher across the board. Japan’s benchmark Nikkei 225 index surged 1.33 percent on the back of the French polls while the Kospi gained 0.3 percent.

The ASX 200 was higher by 0.27 percent, driven by the strong performance in its financials sub-index.

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Posted in: Indian Market Tips