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Asian stocks dip as all eyes on Georgia January 6, 2021SharePrint Asian equities are slightly lower as US futures retreat Asian markets started brightly, following on from a robust overnight session on Wall Street. The S&P 500 rose 0.71%, the Nasdaq jumped 0.95%, and the Dow Jones climbed 0.56%. The rally being broad-based after the NYSE reversal lifted US-listed Chinese companies, and the OPEC+ production cut turbo-charging the energy sector. US index futures have abruptly changed course in Asia though, unwinding most of those gains as the Georgia election results came in. As expected, the election has been extremely close and we may have to wait until late in the week for an official announcement. A Republican victory is seemingly deflating further fiscal stimulus hopes. The S&P 500 e-minis are down 0.56%, the Nasdaq 100 futures have slumped 1.15%, and the Dow Jones futures have retreated by 0.27%.

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