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U.S. Post-Election Rally Fizzles, Asia Lower



Asia-Pacific stock markets mostly fell Wednesday, tracking losses on Wall Street as the U.S. post-election rally stalled overnight.

In Japan, the Nikkei 225 index fell back 654.43 points, or 1.7%, to 39,271.66.

Asian traders assessed corporate goods data out of Japan, which showed year-on-year producer price growth, or wholesale inflation, in October reached its highest since July last year at 3.4%.

That was higher than the 3% growth expected by economists polled by Reuters, and the 2.8% rise in September.

In Hong Kong, the Hang Seng Index shed 23.43 points, or 0.1%, to 19,823.45.

CHINA

Investors have been assessing what the re-election of Donald Trump in the U.S. could mean for Chinese equities and Beijing’s stimulus policy.

In Shanghai, the CSI 300 recovered 25.15 points, or 0.6%, to 4,110.89.

In other markets

In Taiwan, the Taiex tumbled 121.54 points, or 0.5%, to 22,860.23.

In Korea, the Kospi index dipped 65.49 points, or 2.6%, to 2,417.08.

In Singapore, the Straits Times Index eked ahead 8.86 points, or 0.2%, at 3,720.34.

In New Zealand, the NZX 50 faded 74.86 points, or 0.6%, to 12,647.49.

In Australia, the ASX 200 slipped 62.27 points, or 0.8%, to 8,193.36.



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