In New York, key indices hit new record highs in the aftermath of Trump’s election victory.
In Asia, some of the stock markets have been falling on Thursday morning. The decline has been noticeable in Asia in the direction of Tokyo, Hong Kong, Seoul and Manila, and in Australia in Sydney and New Zealand in Wellington stock exchanges. Instead, Shanghai, Singapore and Taipei have been on the rise on Thursday.
Stateside Donald Trump the election for a new presidential term in New York pushed the key indices to new record highs on Wednesday.
The Dow Jones index of large industrial companies had gained 3.6 percent at the end of the trading day, while the technology-focused Nasdaq index had gained 3.0 percent. The broad S&P 500 index, on the other hand, was up 2.5 percent.
In Asia, on the other hand, Wednesday’s stock market day ended with mixed results. For example, Tokyo’s Nikkei 225 was up 2.6 percent, while Hong Kong’s Hang Seng was down 2.2 percent.
On Thursday, investors seemed to trade in Asia cautiously. Among the individual indices in Tokyo, the Nikkei 225 has been down 0.4 percent on Thursday morning, while Hong Kong’s Hang Seng is at freezing point by 0.1 percent. The Shanghai Composite index, on the other hand, has been on the rise by 0.2 percent.
Trump is expected to focus his attention on international trade again, and he has, among other things, hinted at new import tariffs of 10-20 percent. Trump, who was already at odds with China in his previous term, has promised to impose import tariffs of 60 percent on Chinese products this time.