Post-election Wall Street surge leads Asia higher, dollar off lows
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.
Published Date: Nov 8th, 2018 06:39 AM | Updated Date: November 08, 2018 06:39 AM IST
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more