Investing.com – Asian stocks surged Thursday after reconsideration of the implications of Trump’s surprise election win.
The MSCI Asia-Pacific index outside Japan was up 2%; Nikkei 225 surged 6.72% after Wall St jumps.
Trump campaigned to use fiscal policy to boost U.S. growth; spending on infrastructure and defense.
This could push up inflation. U.S. Treasury 10-year yield off highs but holds above 2%.
Industrial metals jump on speculation of greater demand; copper rallies 3.32%.
The dollar was off highs; kiwi falls as RBNZ cuts rates to record low 1.75%.