Democratic Party candidate Joe Biden has garnered 223 electoral votes as at 2pm Singapore time, compared with Republican candidate Donald Trump's 174 votes, according to the Associated Press.
"It's not a sure-win for Biden now, especially since there are still some swing states that may prove to be a surprise," a trader in the US watching the election unfold told Fastmarkets on Wednesday November 4.
To win, the candidates need to secure 270 out of a total of 538 electoral college votes allotted to 50 states and the District of Columbia, according to the US government's election website.
The US presidential election is a key event for Asian commodity traders and market participants who have embarked on different strategies to ride out the exchange rate fluctuations and a possible stock market rally.
Steel mills have abstained from...