Five Things You Need to Know to Start Your Day: Asia

Exit polls suggest victory for Modi. China slams US at Singapore meeting. Nvidia announces new AI initiatives. Here’s what you need to know today.

Exit polls suggest a resounding victory for Indian Prime Minister Narendra Modi’s Bharatiya Janata Party-led alliance, following the conclusion of a weeks-long general election on Saturday. Polls suggest the alliance will clinch substantially more seats than the 272 required for a majority in the 543-seat lower house of parliament, with most pollsters predicting the group will win between 350 and 400 seats. In 2019, the alliance won 352. The news is expected to calm investors and push Indian stocks, bonds and the rupee higher when markets open later today. Votes will be counted on Tuesday. Here’s what those exit polls tell us about Modi’s dominance in India.