Asian equity benchmarks are trading in green on Thursday, as global stocks staged a recovery after falling sharply in the previous session following Republican Donald Trump's US presidential election win. Trump defeated Democratic rival Hillary Clinton after winning several key battleground states, including Florida, Pennsylvania, and Ohio. He vowed to unite the country in his victory speech, but investors remain wary about how his policy proposals will play out in reality. Japanese shares surged as the yen slumped against the US dollar. Investors also shrugged off weaker than expected core machinery orders data. Core machine orders in Japan skidded 3.3 percent on month in September, standing at 843.7 billion yen. That missed expectations for a fall of 1.5 percent following the 2.2 percent decline in August. Among the other Asian markets, Shanghai, Hong Kong, Indonesia, Malaysia, Singapore, South Korea and Taiwan are trading higher.
Nikkei 225 gained 1,053.49 points or 6.48% to 17,305.03, Hang Seng added 482.07 points or 2.15% to 22,897.26, Jakarta Composite surged 56.66 points or 1.05% to 5,470.98, KOSPI Index jumped 37.86 points or 1.93% to 1,996.24, Taiwan Weighted increased 223.98 points or 2.5% to 9,167.18, FTSE Bursa Malaysia KLCI rose 11.96 points or 0.73% to 1,659.58, Straits Times increased 37.80 points or 1.35% to 2,827.68 and Shanghai Composite was up by 37.35 points or 1.19% to 3,165.72.