Asia-Pacific markets mostly rose in choppy trading on Thursday after former President Donald Trump won the White House, defeating Vice President Kamala Harris in the 2024 presidential election.
In Japan, the Nikkei 225 index dropped 99.26 points, or 0.3%, to 39,381.41.
The yen weakened to an intraday high of 154.7 against the U.S. dollar on Wednesday, its weakest level since July 30, but recovered on Thursday to 153.81.
In Hong Kong, the Hang Seng Index jumped 414.96 points, or 2%, to 20,953.34.
CHINA
In Shanghai, the CSI 300 recovered 121.42 points, or 3%, to 4,145.70.
China reported October exports data that sharply beat market expectations.
Chinese state media reported that the National People’s Congress standing committee, the country’s parliament, had reviewed the plan to raise local government debt for another day, after initially discussing the plan on Monday.
Local authorities in China have historically been responsible for much of public services spending, but have struggled financially as revenue from land sales to developers has dropped.
In other markets
In Taiwan, the Taiex hiked 191.44 points, or 0.8%, to 23,408.82.
In Korea, the Kospi index inched higher 1.12 points to 2,564.63.
In Singapore, the Straits Times Index gained 70.5 points, or 2%, at 3,673.49.
In New Zealand, the NZX 50 retreated 67.79 points, or 0.5%, to 12,581.38.
In Australia, the ASX 200 picked up 26.76 points, or 0.3%, to 8,226.30.
