Asian stocks are mixed as French polls noted

Asian stocks are mixed as French polls noted

On Monday, Asian stocks traded mixed after an initial spurt higher regionally, following the French election, which went widely as expected, pitting far-right leader Marine Le Pen and centrist Emmanuel Macron in a May 7 runoff. Meanwhile, tension on the Korean peninsula also applied pressure on market sentiment later.

On Sunday, during the first round of the election centrist candidate Emmanuel Macron managed to win 23.7% of the votes. As for National Front leader Marine Le Pen, she grasped 21.7%, as latest estimates state.

Japan's benchmark Nikkei 225 index rallied 1.2% on the back of the French surveys, while the Kospi inched up 0.22%. As for the S&P/ASX 200, this benchmark soared 0.26%.

In China, the Hang Seng Index reversed revenue and dropped 0.27%, while the Shanghai Composite went down 1.56%. American share futures kept pointing higher.

The previous week, American shares closed lower on Friday notwithstanding the publication of bullish economic data as well as an update from President Donald Trump on his tax reform initiative. 

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