Asia sees cautious open; US stocks buoyed by Trump: Markets wrap
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Stocks in Asia were muted in early Tuesday trading, following gains on Wall Street fueled by optimism surrounding a second Donald Trump term as the former US president chose his running mate. Equity benchmarks rose in Japan and Korea, while those in Australia were steady. Futures for Hong Kong stocks pointed to a decline. US futures edged higher in early Tuesday trading after benchmarks there climbed and traders priced a greater chance of a Trump win after he survived an assassination attempt. Caution in Asia comes amid signs of emerging market volatility in anticipation that Trump’s tariff threats will be implemented. A gauge of such currencies snapped eight straight days of gains on Monday, with those in South Africa and Mexico — both seen as bellwethers of risk appetite — leading the losses. The dollar was little changed. Within the regions, investors have been allocating based on which countries will be seen as friends or foes, given ...