Post-election Wall Street surge leads Asia higher, dollar off lows
Updated : November 08, 2018 06:39:39 IST
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5 percent. Australian stocks rose 0.5 percent, South Korea's KOSPI added 1.8 percent and Japan's Nikkei gained 2.1 percent.
While a divided Congress will make it harder for President Donald Trump to push through new legislation, such as additional tax cuts, investors do not expect a reversal of recently enacted tax cuts and deregulation.
The 10-year Treasury note yield rose to 3.25 percent on Wednesday, its highest since Oct. 9, with Wall Street's rally reducing demand for safe-haven debt.