Asia cheers Trump’s win, Nikkei 225 rebounds +6%

Amid a dramatic turnaround in risk conditions following Trump’s victory at the US presidential elections, the Asian stocks stage a solid rebound this Thursday, with markets now looking optimistic on Trump’s economic reform plans and his commitment to make ‘America great again’.

The rebound in equities is also on the back of a fresh bout of profit-taking after yesterday’s knee-jerk selloff in global stocks and a rally in haven assets.

While, the CBOE Volatility Index (VIX), a fear gauge, tumbled 23% Wednesday, the most in five years, indicating a robust recovery in risk sentiment post-elections.

Meanwhile, Japan’s Nikkei 225 bounce +6.09% to 17,241, the Australian S&P/ASX 200 also rises +3.05% to 5,313. The Chinese equities track its Asian peers higher, with the benchmark Shanghai Composite index up +1.14%, while CSI300 index trades +1.10% higher. Hong Kong markets rally +2% to 22,860 levels.

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