Biden win pumps up risk assets, dollar nurses losses

Shares surged, oil prices jumped and the dollar stayed weak on Monday as expectations of fewer regulatory changes and more monetary stimulus under U.S. president-elect Joe Biden supported risk appetite.The Democratic candidate's victory at the U.S. Presidential election was largely priced-in by markets, which had been trading with the view of a Biden presidency and a Republican-controlled U.S. Senate since last week.MSCI's broadest index of Asia Pacific shares outside of Japanjumped 1.3% to 613.