01/26/2017, 09.17
HONG KONG - ASIA
Send to a friend

Trump effect: Asian markets climb after the Dow Jones passes 20 thousand points

Slight growth in Hong Kong, Shanghai, Shenzhen, Tokyo and Seoul. For the first time the Dow Jones reaches 20,068.09 points. Trump’s promises of infrastructure and taxes boost optimism, as well as appointments of  people from economic and business world.

 

Hong Kong (AsiaNews) - By mid-day Asian stock markets had made strong gains. Analysts believe that the Trump effect has rippled over to Asia following the New York Stock Exchange surge past  20 thousand points for the first time yesterday (see photo).

The Hong Kong stock market rose 1.37%, the highest increase in three months; the Shanghai and the Shenzhen market, trading on their last day before closing for the Chinese New Year, are at 0.13 and 0.54, respectively. Other Asian markets see Tokyo with a positive gain of 1.58%; Seoul with over 0.98.

Yesterday, the Dow Jones Industrial Average closed with more than 20 thousand points, at 20,068.09. Analysts speak of optimism because of the first steps of Donald Trump. In these first days after his oath of office, the new president has signed several executive orders to reduce taxes on US manufacturing and to kick off the construction – highly controversial - of two oil pipelines.

Trump also promised to launch infrastructure projects and push industries to produce in the United States. In addition, he has appointed many personalities from the economic and commercial world to government offices.

TAGs
Send to a friend
Printable version
CLOSE X
See also
Asian markets shocked by Donald Trump victory
09/11/2016 09:39
Coronavirus: Stock markets recover after yesterday's crash. Confidence in containment of virus
10/03/2020 11:15
White House to stop Beijing's "imperialist" policy in the South China Sea
24/01/2017 15:55
Asia, rain and pollution obscure the eclipse of the century
22/07/2009
US law on Hong Kong: symbolic but with a disruptive effect
05/12/2019 09:12


Newsletter

Subscribe to Asia News updates or change your preferences

Subscribe now
“L’Asia: ecco il nostro comune compito per il terzo millennio!” - Giovanni Paolo II, da “Alzatevi, andiamo”