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[hfe_template id='11223'] [ad_1] Japanese shares led gains in Asian equities after US stocks climbed to record highs as investors positioned for a second Donald Trump presidency. The yen stabilized in early Asian trade after sliding on Wednesday. Benchmark indexes in Japan climbed for a third day echoing the gains on Wall Street, while those in South Korea and Australia ticked lower. The S&P 500 jumped 2.5% higher Wednesday, its best post-election day in history, and the Nasdaq 100 rose 2.7%. The Federal Reserve is expected to cut interest rates on Thursday. Gains for US stocks reflected expectations that a Trump policy agenda favoring lower taxes and less regulation may support corporate profits. An index of US banks surged almost 11% on forecasts that potential tax cuts, reduced regulation and the prospect of elevated interest rates would support bank earnings. A benchmark of US small-caps, which can outperform during periods of economic expansion, rose 5.8%. Hong ...

[hfe_template id='11223'] [ad_1] Japan’s equity benchmarks slid almost 20% from record highs reached last month as investor confidence crumbled from the surge in the yen, tighter monetary policy and the deteriorating economic outlook in the US. The Topix and Nikkei 225 Stock Average fell about 5%, with the former set for a three-day decline that would be the worst since the 2011 Fukushima nuclear meltdown and put them near bear markets. A circuit breaker halted trading of Topix futures for about 10 minutes. Exporters were among the heaviest drags on the Topix after the yen surged more than 1% versus the dollar on the unwinding of carry trades, while banks dropped after yields of 10-year government bonds plunged 13 basis points. “We are basically seeing a mass deleveraging as investors sell assets to fund their losses,” said Kyle Rodda, a senior market analyst at Capital.Com. “The rapidity of the move has caught me off guard; there’s a lot of panic selling now, which is w...

[hfe_template id='11223'] [ad_1] What started as a nasty drop in Japanese stocks on Thursday turned into a full-blown rout on Friday as the Topix index posted its biggest two-day decline since the 2011 tsunami. It’s a stark turnaround from the record high set in July, when Japanese equities were being celebrated as one of the world’s best-performing markets. The Topix sank 6.1% Friday, completing a two-day drop of 9.2% in the wake of Bank of Japan’s earlier-than-expected rate hike Wednesday and Governor Kazuo Ueda’s hawkish messaging. The Topix joined the Nikkei 225 Stock Average in entering a technical correction. “I didn’t expect stocks to fall this much — it’s a disaster,” said Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Asset Management Co. in Tokyo. “This might be temporary, but Japanese stocks are in their worst situation.” The sharp reversal in Japanese stocks in recent weeks comes as the yen’s rally to a four-month high against the dollar hammers expor...