Investing.com - Asian shares rebounded strongly on Thursday as investors took a longer view on prospects for president-elect Donald Trump and digested regional data flows.
The Nikkei 225 soared 5.92% and the S&P/ASX 200 gained 2.74%. The Shanghai Composite rose 1.07%. Asian shares slumped as the U.S. election results came in on Wednesday, but sentiment recovered after Trump gave a victory speech in which he said he would seek common ground and not hostility, contrasting the heated words he has become famous for at campaign rallies.
In Japan, core machinery orders for September fell 3.3% month-on-month compared to a 0.8% decline seen for the second straight monthly decline, and gained 4.3% year-on-year, compared to a 3.5% increase expected.
Australia reported home loans for September jumped 1.6%, compared with a 2.0% fall expected month-on-month and invest housing finance gained 4.6% from a 0.1% gain the previous month.
Overnight, U.S. stocks were higher after the close on Wednesday, as gains in the Healthcare, Financials and Basic Materials sectors led shares higher.
At the close in NYSE, the Dow Jones Industrial Average rose 1.40% to hit a new 1-month high, while the S&P 500 index climbed 1.11%, and the NASDAQ Composite index gained 1.11%.