The Kospi rebounded to rise 0.5%, to 2,576.30, S&P/ASX 200 gained 0.1% to 8,204.80, Hang Seng added 0.9% to 20,729.01 and the Shanghai Composite index was up 0.9%, at 3,413.47
Shares recovered from early losses in Asia on Thursday after U.S. stocks rose to records as investors wagered on what Donald Trump’s return to the White House will mean for the economy.
Markets also were turning their attention to the Fed’s decision on interest rates, due later in the day.
Nikkei 225 was 0.1% lower at 39,458.86, while the Kospi rebounded to rise 0.5%, to 2,576.30.
S&P/ASX 200 gained 0.1% to 8,204.80.
Chinese shares also jumped. Hang Seng added 0.9% to 20,729.01. The Shanghai Composite index also was up 0.9%, at 3,413.47.
Trump has promised to impose blanket 60% tariffs on all Chinese imports.
Investors are adding to bets built earlier on what the higher tariffs, lower tax rates and lighter regulation that Trump favours will mean.
Higher tariffs on imports from China, Mexico and other countries also would raise the risk of trade wars and other disruptions to the global economy.
But Trump’s win raised expectations that Beijing may ramp up its spending and other stimulus to counter such trends. The Standing Committee of China’s legislature is meeting this week and is expected to announce further measures by Friday.
On Wednesday, the U.S. stock market, Tesla, banks and bitcoin all gained, as investors made bets on what Donald Trump’s return to the White House will mean for the country’s economy. Among the losers the market sees: the renewable-energy industry and potentially anyone worried about higher inflation.
The S&P 500 added 2.5% to 5,929.04 for its best day in almost two years. The Dow Jones Industrial Average soared 3.6% to 43,729.93, while the Nasdaq composite climbed 3% to 18,983.47. All three indexes topped records they had set in recent weeks.
