OVERNIGHT

Australian shares neared their highest level in months. Conservative wins in Argentina.

Conservative opposition candidate Mauricio Macri won Argentina's presidential election on Sunday after promising business-friendly reforms to spur investment in the struggling economy. Macri's supporters swarmed to the Obelisk in the heart of Buenos Aires' theater district for a giant street party as subdued ruling party candidate Daniel Scioli conceded defeat.

Argentina's election body said Macri had 52.1 percent of votes and Scioli had 47.9 percent with returns in from 91.5 percent of polling stations."The is the beginning of a new era that has to carry us toward the opportunities we need to grow and progress," Macri told supporters at his headquarters, which pulsed with Latin music and was festooned with white and sky-blue balloons, the colors of the Argentine flag.

www.reuters.com/article/2015/11/23/us-argentina-election

Aussie Stocks Soar.

Australian shares neared their highest level in a month as optimism about its economy drove consumer stocks higher and countered pressure from a stronger U.S. dollar and lower commodity prices.  The S&P/ASX 200 XJO, +0.39%  was up 0.4% to 5222.70 Monday, on track for its highest close since late October.Elsewhere, South Korea’s Kospi SEU, +0.69%  was up 0.7% and but the Shanghai Composite Index SHCOMP, -0.15%  was down 0.4%. Hong Kong’s Hang Seng Index HSI, -0.39%  slipped 0.3%. Markets in Japan are closed for holiday