TOKYO, Japan (Reuters) — Asian shares rebounded on Thursday (November 10) and the dollar firmed in a remarkable snapback from the shock of Republican Donald Trump’s presidential victory, though the speed of the reversal left some market watchers scratching their heads.
The Nikkei duly recouped all of Wednesday’s (November 9) 5 percent loss and more to trade up roughly 6 percent as the yen weakened following the previous session’s surge.
In South Korea, the Korea Composite Stock Price Index (KOSPI) was up 1.8 percent at 1,994.52 points as of 0223 GMT.
Australian share price index futures rose 3 percent to 5,306, a 149.4-point premium to the underlying S&P/ASX 200 index close. On Wednesday (November 9), after a tumultuous day, the benchmark ended 1.9 percent lower, its lowest since the Brexit vote.
New Zealand’s benchmark S&P/NZX 50 index rose 3.3 percent in early trade.
Hong Kong stocks rebounded over 2 percent in early trading, joining a region-wide rebound as investors pick up the pieces after the unexpected win for Republican Donald Trump.
