Asian stocks rebound on Wall Street gains

Asian shares rebounded on Thursday following
overnight gains on Wall Street,… recovering from the shock of Republican Donald Trump’s
presidential victory. Seoul’s benchmark KOSPI opened higher,…
and was trading at over one-point-nine percent as of 11:50 a.m.
Korea’s main index plunged two-and-a-quarter percent the previous day,… amid growing
uncertainties about the impact that a Trump victory could have on the financial market
and the global economy. Japan’s Nikkei recouped Wednesday’s loss of
more than five percent,… trading up six percent,… while Hong Kong’s Hang Seng recovered
its losses on Thursday morning. European stocks, which had fallen as much
as three-percent at one point in trading,… closed higher. The UK’s FTSE 100 added one percent,… Germany’s DAX 30 and France’s CAC 40 both
added roughly one-and-a-half percent. On Wall Street,… U.S. stocks bounced back on Wednesday, after
seeing some major sell-offs overnight. The S&P 500, the Dow and the Nasdaq ALL closed
up over one percent.

Glenn Chapman

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