Asian shares rebounded from early losses as U.S. stocks surged to record highs, with investors speculating on the economic implications of Donald Trump’s potential return to the White House.
Attention was also focused on the upcoming interest rate decisions by the Federal Reserve and the Bank of England later today.
Japan’s Nikkei 225 dipped by 0.3% to 39,381.41, reflecting concerns about a possible revival of trade tensions under a Trump administration.
Neil Newman, head of strategy at Astris Advisory Japan, commented, “Everyone’s concerned about Trump’s tariffs—it’s a key part of his agenda. We’ll have to see how things unfold in the early stages of his new presidency.”
In Seoul, the Kospi ended nearly unchanged at 2,564.63, while Australia’s S&P/ASX 200 rose 0.3% to 8,226.30.
Chinese shares rallied following government data showing exports had surged nearly 13% year-over-year in October, the fastest growth in over two years, significantly outpacing the 2.4% increase in September.
Hong Kong’s Hang Seng climbed 1.6% to 20,863.30, and the Shanghai Composite rose 2.3% to 3,460.52.
On Wall Street, major indices soared to new highs on Wednesday. The S&P 500 gained 2.5% to close at 5,929.04, the Dow Jones Industrial Average jumped 3.6% to 43,729.93, and the Nasdaq Composite rose 3% to 18,983.47.
In the bond market, the yield on 10-year U.S. Treasury notes increased to 4.435% from 4.411% late Tuesday.
