Asian shares edged lower on Tuesdayamid uncertainty about Senate runoffs in Georgia, which couldhave a big impact on incoming U.S. President Joe Biden’s economic policies.MSCI’s broadest index of Asia-Pacific shares outside Japanfell 0.12%, pulling back from a record high hitin the previous session. Australian stocks fell 0.16%. Also Read The Hindu Explains | All Eyes on Georgia Japanese shares lost 0.47% after a media report thatthe government will curb business hours in Tokyo and surrounding cities from Thursday.U.S. S&P 500 stock futures edged up 0.09%.Oil futures extended declines in Asian trading after majorproducers delayed a decision on whether to increase output.In the United States, control of the Senate is at stake withTuesday’s dual runoff elections in Georgia.A Democratic victory in both races could tip control of theSenate away from Republicans, but both contests are very tightand the results may not be immediately known, which could leadto a repeat of the chaotic vote re-counts after the U.S.presidential election last year.”2021 starts with a bang with pivotal political and economicnews for markets to digest. The undisputed highlight will be theresult of the Senate seat run-off elections in Georgia,” JamesKnightley, chief international economist at ING, wrote in aresearch memo.”If the Democrats win both… Read full this story
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