Global markets surge on China news

Due to the decrease in demand, imports and exports in China fell more than expected in November. The easing of measures against the pandemic in the country continued to expand. This flow of news caused pricing in global markets to fluctuate. This morning, Asian markets are showing mixed results due to news from China. While new easing of Covid-19 restrictions could have positively affected the indices, the weak trade data announced overshadowed this positive atmosphere and limited the effect. While China's CSI 300 index is flat, Hong Kong's Hang Seng is positive. Japan's Nikkei 225 is showing a negative divergence. The Australian Stock Exchange is down after it was announced that third-quarter growth in Australia fell below expectations at 5.9 percent annually. Wall Street indices closed with declines of up to 2 percent on Tuesday. The S&P 500 fell 1.4 percent daily for the fourth consecutive trading day yesterday. This was the longest series of declines in a month. This morning, US and European futures indices are rising. The Bloomberg Dollar Index is flat at 1,270. Senate race in the US Democratic candidate Raphael Warnock defeated his Republican opponent Herschel Walker in the US Senate election for a seat in the state of Georgia, strengthening his party’s majority in the Senate. According to the Associated Press, he received 50.5 percent of the votes with 93 percent counted, while Walker received 49.5 percent. With this result, the ratio of Democrats to Republicans in the Senate became 51-49. In the first round of voting on November 8, neither candidate received over 50 percent of the vote, and the election went to a second round. Thanks to US Vice President Kamala Harris’ tie-breaking vote, even if the Republicans won Georgia in the second round and the seat distribution remained 50-50, the Democrats would still be able to maintain a majority in the Senate.