Asian stocks rise amid risk-on, Nikkei 225 up 1%

The stocks on the Asian markets traded firmer so far this Thursday, with risk-on in vogue all through the third and final US Presidential election debate, as markets predictions tilt in favor of a Clinton win.

Moreover, higher oil prices amid unexpected inventory drawdown boosted the energy and utility sector stocks on the region’s indices. While a weaker yen amid improved risk sentiment underpinned the exports-oriented stocks and drove the Japanese stocks higher.

While the Australian stocks trade with moderate gains on increased hopes further rate cuts by RBA after the Australian labor market report came in much weaker-than expected.

Meanwhile, Japan’s Nikkei 225 rises +0.97% to trade around 17,160, the Australian S&P/ASX 200 gains +0.20% to 5,446. The Chinese equities waver, with the benchmark Shanghai Composite index down -0.15%, while CSI300 index trades almost unchanged. Hong Kong markets climb +0.49% to 23,420 levels.