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| Asian Stocks Follow U.S. Higher After Post-Election Slump | Asian Stocks Follow U.S. Higher After Post-Election Slump |
| (about 3 hours later) | |
| HONG KONG — Stock markets in Asia traded sharply up on Thursday, continuing a global rebound in share prices that followed a plunge after Donald J. Trump’s presidential victory. | HONG KONG — Stock markets in Asia traded sharply up on Thursday, continuing a global rebound in share prices that followed a plunge after Donald J. Trump’s presidential victory. |
| In Japan, the Nikkei 225 index of stocks closed up 6.7 percent. It had fallen about 5 percent on Wednesday. | |
| In Hong Kong, stocks were more than 2 percent higher near the end of trading, making up for most of their drop on Wednesday. In Australia, shares closed 3.3 percent higher. | |
| Shares in Shanghai, which do not always track global markets, finished up 1.4 percent, having fallen by less than that amount on Wednesday. | |
| Asian stock markets plunged on Wednesday as Mr. Trump took commanding leads over Hillary Clinton in crucial states in the United States election, reflecting uncertainty over what Mr. Trump, a political neophyte and critic of global trade deals, might do in office. But stocks rebounded later in the trading day after Mr. Trump gave a mild victory speech that included a pledge to increase American infrastructure spending. | Asian stock markets plunged on Wednesday as Mr. Trump took commanding leads over Hillary Clinton in crucial states in the United States election, reflecting uncertainty over what Mr. Trump, a political neophyte and critic of global trade deals, might do in office. But stocks rebounded later in the trading day after Mr. Trump gave a mild victory speech that included a pledge to increase American infrastructure spending. |
| In the United States, the benchmark Standard & Poor’s 500-stock index closed up 1.1 percent on Wednesday. The Nasdaq composite index also ended up 1.1 percent, while the Dow Jones industrial average rose 1.4 percent. Trading volume was the heaviest since the market turmoil of late June after Britain’s vote to leave the European Union. | In the United States, the benchmark Standard & Poor’s 500-stock index closed up 1.1 percent on Wednesday. The Nasdaq composite index also ended up 1.1 percent, while the Dow Jones industrial average rose 1.4 percent. Trading volume was the heaviest since the market turmoil of late June after Britain’s vote to leave the European Union. |
| “The market was quickly pivoted yesterday from doomsday scenario to refocus on what President-elect Trump means for both the global and U.S. economy,” Stephen Innes, a senior currency trader at Oanda in Singapore, said in a research note. “This will take some time to understand the implications, especially in the areas of trade, globalization and the Federal Reserve.” | “The market was quickly pivoted yesterday from doomsday scenario to refocus on what President-elect Trump means for both the global and U.S. economy,” Stephen Innes, a senior currency trader at Oanda in Singapore, said in a research note. “This will take some time to understand the implications, especially in the areas of trade, globalization and the Federal Reserve.” |
| Before the election on Tuesday, government bond interest rates had been inching upward. On Wednesday, there was a sharp sell-off of Treasury securities, pushing the yield — which moves in the opposite direction from the price — on the benchmark 10-year note past 2 percent for the first time since January. The yield ended Wednesday at 2.07 percent. | Before the election on Tuesday, government bond interest rates had been inching upward. On Wednesday, there was a sharp sell-off of Treasury securities, pushing the yield — which moves in the opposite direction from the price — on the benchmark 10-year note past 2 percent for the first time since January. The yield ended Wednesday at 2.07 percent. |
| Similar bonds issued by Japan and Germany, which this year began offering negative yields, were creeping toward positive territory. Ten-year Japanese government bonds on Thursday morning had a yield of 0.037 percent. | Similar bonds issued by Japan and Germany, which this year began offering negative yields, were creeping toward positive territory. Ten-year Japanese government bonds on Thursday morning had a yield of 0.037 percent. |