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Old 11-10-2016, 02:14 AM   #1
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Default Asia shares rally in sharp turnaround from Trump shock

By Wayne Cole and Shinichi Saoshiro SYDNEY/TOKYO - Asian shares rallied on Thursday and the dollar firmed in a remarkable snapback from the shock of Republican Donald Trump's presidential victory, though the speed of the reversal left some market watchers scratching their heads. MSCI's broadest index of Asia-Pacific shares outside Japan bounced 2 percent after slumping 2.4 percent on Wednesday as global markets plunged on signs that Trump was sweeping to power. Despite the initial sharp recoil in global markets, U.S. investors opted to focus instead on Trump's key policy priorities, which include generous tax cuts and higher infrastructure and defense spending, along with deregulation for banks.




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