{"id":123115,"date":"2024-11-07T14:34:52","date_gmt":"2024-11-07T07:34:52","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=123115"},"modified":"2024-11-07T14:34:52","modified_gmt":"2024-11-07T07:34:52","slug":"asian-shares-bounce-after-trumps-victory-as-focus-turns-to-the-fed","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=123115","title":{"rendered":"Asian shares bounce after Trump&#8217;s victory as focus turns to the Fed"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Shares recovered from early losses in Asia on Thursday after U.S. stocks stormed to records as investors wagered on what <a href=\"https:\/\/apnews.com\/article\/trump-harris-biden-congratulatory-calls-smith-f33e3d9f1647ee62709046993ffa082a\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Donald Trump\u2019s return;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Donald Trump\u2019s return<\/a> to the White House will mean for the economy and the world.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Markets also were turning their attention to the Federal Reserve\u2019s decision on interest rates, due later in the day.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Japan&#8217;s Nikkei 225 fell 0.3% to 39,381.41, reflecting worries over the potential for a revival of trade tensions under a Trump administration.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->\u201cI think everybody\u2019s going to be worried about Trump&#8217;s tariffs because that\u2019s one of the things in his playbook. And so we\u2019ll have to see how things develop in the early stages of his presidency this time,&#8221; said Neil Newman, head of strategy for Astris Advisory Japan.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->In Seoul, the Kospi finished nearly flat, at 2,564.63. Australia&#8217;s S&amp;P\/ASX 200 rose 0.3% to 8,226.30.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Chinese shares rallied after the government reported that <a href=\"https:\/\/apnews.com\/article\/china-exports-trade-economy-4ef80a66c32bdb7d7e65e8d7eaead799\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:exports jumped;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">exports jumped<\/a> nearly 13% in October over a year earlier, the fastest pace in more than two years and far outpacing the 2.4% increase in September.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Hong Kong&#8217;s Hang Seng gained 1.6% to 20,863.30. The Shanghai Composite index was up 2.3% at 3,460.52.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Trump has promised to slap blanket 60% tariffs on all Chinese imports, raising them still more if Beijing makes a move to invade the self-governing island of Taiwan.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Investors are adding to bets built earlier on what the <a href=\"https:\/\/apnews.com\/article\/donald-trump-wins-second-term-policies-de3dcf0f173b42602b258042fd7aaafb\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:higher tariffs, lower tax rates and lighter regulation;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">higher tariffs, lower tax rates and lighter regulation<\/a> that Trump favors will mean. Higher tariffs on imports from China would add to the <a href=\"https:\/\/apnews.com\/article\/trump-china-tariffs-taiwan-foreign-policy-7351ce1069654f1c1aefb560b36dcc17\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:burdens Beijing is facing;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">burdens Beijing is facing<\/a> as it struggles to revive slowing growth in the world&#8217;s second-largest economy.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->But the impact may be less drastic than feared, Zichun Huang of Capital Economics said in a report.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->\u201cWe expect shipments to stay strong in the coming months \u2013- any drag from potential Trump tariffs may not materialize until the second half of next year,&#8221; Huang said.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Still, higher tariffs on imports from China, Mexico and other countries would raise the risk of trade wars and other disruptions to the global economy.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Trump&#8217;s win raised expectations that Beijing may ramp up its spending and other stimulus to counter such trends. The Standing Committee of China&#8217;s legislature is meeting this week and is expected to announce further measures by Friday.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Francis Lun, CEO of Geo Securities, said domestic issues were a greater concern than tariffs. &#8220;People want the government to spend some money to boost the economy, instead of looking outward,\u201d he said.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->On Wednesday, the U.S. stock market, Elon Musk\u2019s <a href=\"https:\/\/apnews.com\/article\/tesla-stock-trump-election-b54454aaabd4cbe1e1e1c9754649b869\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Tesla;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Tesla<\/a>, banks and <a href=\"https:\/\/apnews.com\/article\/bitcoin-crypto-donald-trump-election-c2e2a1a895288c5e9c0df2721012a5bb\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:bitcoin;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">bitcoin<\/a> all stormed higher, as investors made bets on what <a href=\"https:\/\/apnews.com\/article\/trump-harris-presidential-election-takeaways-d0e4677f4cd53b4d2d8d18d674be5bf4\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Donald Trump\u2019s return to the White House;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Donald Trump\u2019s return to the White House<\/a> will mean for the economy and the <a href=\"https:\/\/apnews.com\/article\/us-election-trump-global-reaction-7f7d4c5f6b84f263d7c49bb4978ab418\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:world;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">world<\/a>. Among the losers the market sees: the renewable-energy industry and potentially anyone worried about <a href=\"https:\/\/apnews.com\/article\/trump-inflation-tariffs-taxes-immigration-federal-reserve-a18de763fcc01557258c7f33cab375ed\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:higher inflation;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">higher inflation<\/a>.<!-- HTML_TAG_END --><\/p>\n<p><button class=\"secondary-btn fin-size-large readmore-button rounded   yf-15mk0m\" data-ylk=\"elm:readmore;itc:1;sec:content-canvas;slk:Story%20Continues\" aria-label=\"Story Continues\" title=\"Story Continues\"> <span>Story Continues<\/span> <\/button> <\/p>\n<div class=\"read-more-wrapper\" style=\"display: none\">\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->The S&amp;P 500 rallied 2.5% to 5,929.04 for its best day in nearly two years. The Dow Jones Industrial Average surged 3.6% to 43,729.93, while the Nasdaq composite jumped 3% to 18,983.47. All three indexes topped records they had set in recent weeks.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->The impact of Trump&#8217;s second term will likely depend on whether his fellow Republicans win control of Congress, and that\u2019s <a href=\"https:\/\/apnews.com\/article\/maine-election-2024-house-golden-theriault-a40d15b56af47193171e6da358d591c2\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:not yet clear;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">not yet clear<\/a>.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Investors see Trump\u2019s policies potentially leading to stronger economic growth. That helps push prices down and yields up for Treasurys. Tax cuts under Trump could further swell the U.S. government\u2019s deficit, increasing borrowing and forcing yields even higher. The yield on the 10-year Treasury jumped to 4.43% from 4.29% late Tuesday, which is a major move for the bond market. It\u2019s up substantially from August, when it was below 4%.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Investors expect the incoming president&#8217;s policies, particularly higher tariffs, to fan inflation and add costs to U.S. household bills. Sharp cutbacks in immigration could also leave businesses shorthanded, forcing companies to raise wages for workers faster and putting more upward pressure on prices.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Much of Wall Street\u2019s run to records this year was built on expectations for <a href=\"https:\/\/apnews.com\/article\/federal-reserve-election-inflation-economy-prices-rates-302de435f48e4de701a15dc99880fc9d\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:coming cuts to interest rates by the Federal Reserve;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">coming cuts to interest rates by the Federal Reserve<\/a>, as inflation has headed <a href=\"https:\/\/apnews.com\/article\/inflation-prices-interest-rates-economy-federal-reserve-cd6d9712bfd484d6e1bc4ccb958dcf23\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:back down to its 2% target;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">back down to its 2% target<\/a>. Easier interest rates help boost the economy, but they can also give inflation more fuel.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->The Fed will announce its latest decision on <a href=\"https:\/\/apnews.com\/article\/federal-reserve-election-inflation-trump-economy-prices-e6b837fd85cff5ad71d4e40939b97237\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:interest rates;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">interest rates<\/a> Thursday, where the expectation is still for a cut, according to data from CME Group. But traders are already paring back forecasts for how many cuts the Fed will provide through the middle of next year.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->In other dealings early Thursday, the U.S. dollar weakened against the Japanese yen, slipping to 154.08 yen from 154.62 yen. The euro rose to $1.0747 from $1.0730.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->U.S. benchmark crude oil gained 24 cents to $71.93 per barrel. Brent crude, the international standard, was up 33 cents at $75.25.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->The price of bitcoin slipped to $74,789.38 after hitting an all-time high above $76,480 on Wednesday, according to CoinDesk. Trump has pledged to make the country \u201cthe <a href=\"https:\/\/apnews.com\/article\/trump-harris-elections-crypto-cryptocurrency-treasury-blockchain-29df24818d03e557c6c434533052b33c\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:crypto capital;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">crypto capital<\/a> of the planet\u201d and create a \u201cstrategic reserve\u201d of bitcoin.<!-- HTML_TAG_END --><\/p>\n<\/div><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/stock-market-today-asian-shares-013546175.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares recovered from early losses in Asia on Thursday after U.S. stocks stormed to records as investors wagered on what Donald Trump\u2019s return to the White House will mean for &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=123115\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-123115","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/123115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=123115"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/123115\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=123115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=123115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=123115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}