SINGAPORE (Nov 8): Asian stocks rose on Tuesday as world markets braced for the outcome of one of the most contentious US presidential elections in history, with most investors cautiously optimistic of a win by Democrat Hillary Clinton.

European markets are set to begin the session little changed, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 and France's CAC 40 to open flat and Germany's DAX to start the day up 0.1%.

The Mexican peso, which strengthened as the perceived chances of an election victory by Republican Donald Trump has ebbed, retained its solid gains from Monday.

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