Asian equity markets ended in green on Thursday, with markets in Japan seeing biggest gains in nine months in a turnaround just as dramatic as the previous day's plunge, as markets reassessed the economic implications of Republican Donald Trump's shock US presidential election victory. The yen tumbled against the dollar, helping investors shrug off sluggish core machinery orders data. Core machinery orders fell 3.3 percent in September from the previous month, official data showed, signaling a fragile capital expenditure in the economy. The news overnight that Donald Trump doesn’t want to force Federal Reserve chair Janet Yellen to resign has also cheered the markets. Yellen’s first term expires in 2018, but there has been speculation that she might feel pressure to step down, given the attacks from Trump during the campaign.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,171.28 | 42.91 | 1.37 |
Hang Seng | 22,839.11 | 423.92 | 1.89 |
Jakarta Composite | 5,450.31 | 35.99 | 0.66 |
KLSE Composite | 1,652.74 | 5.12 | 0.31 |
Nikkei 225 | 17,344.42 | 1,092.88 | 6.72 |
Straits Times | 2,834.09 | 44.21 | 1.58 |
KOSPI Composite | 2,002.60 | 44.22 | 2.26 |
Taiwan Weighted | 9,152.18 | 208.98 | 2.34 |