Asia stocks up across the board as post-US election risk bid continue

• Asian stock markets are following Wall Street’s lead, bolstered by a resurgence of risk-on market sentiment.
• China data on the day is helping to buoy investor confidence in the Pacific-Asia sector.

Asian equities are resuming climbing on Thursday, getting lifted by a sweep of bullish sentiment that sprang out of US mid-term elections, where President Donald Trump’s own Republican party maintained control of the US Senate, while the opposing Democratic party regained control of the US House of Representatives. Wall Street has seen continued gains following the elections this week, and Asia markets are seeing a similar spring in their step, being aided by a surge in China’s annualized Imports, Exports, and USD-denominated trade balance.

Japan’s markets are seeing firm bidding on the day, with the Nikkei 225 and Tokyo Topix 200 climbing by 1.88% and 1.78% respectively, while Hong Kong’s Hang Seng and Shanghai’s Composite CSI 300 are lifting a more sedate 0.71% and 0.30%; Australia is also keen on the day, with the ASX 200 lifting 0.53% for Thursday, while emerging markets are up on the day but less so by comparison, with the broad Asia-Pacific MSCI index in the green by a relatively scant 0.18%.

Nikkei 225 Technical Levels