U.S. stock futures and the dollar surged in Asia on Wednesday as investors wagered Republican Donald Trump could win the U.S. presidential election, though officially the race remained too early to call.

U.S. stock index futures gained on Tuesday, as former President Donald Trump continued to build a lead against Vice President Kamala Harris after polls closed in key states in the presidential election.

While a path toward the 270 Electoral College votes needed to take the White House remained in reach for both U.S. presidential candidates Tuesday, a rally in Dow futures and selloff in U.S. government debt indicated market participants were prepared for a victory by Republican Donald Trump.