Global Markets on Edge: U.S. Elections and China's Economic Moves

Asian shares declined as uncertainties around a closely contested U.S. election loom, affecting major markets like China. Gold reached new highs amidst the election jitters, while Bitcoin's trajectory suggests confidence in a potential Republican victory. Meanwhile, forecasts of a $1.4 trillion debt plan signal China's bid to revitalize its economy.

On Wednesday, Asian markets experienced a downturn, primarily due to apprehensions concerning China's economic stability and the impending U.S. presidential election.

Gold achieved record highs amid uncertainties about the election's outcome, while Bitcoin edged closer to its peak, reflecting investor expectations of a Donald Trump victory. The stock indices across Asia showed mixed reactions, with China's shares dropping despite news of potential economic stimuli.

U.S. stock futures rose, driven by Google's upbeat earnings report. Meanwhile, traders are keenly watching tech giants like Apple and Amazon for further direction, as the tech sector's performance could sustain market optimism.

(With inputs from agencies.)