Asia markets soared on Thursday with the Nikkei jumping close to 7% as traders reassessed the economic impact of Donald Trump's victory in the U.S. presidential election.
The Nikkei 225 in Japan regained everything it lost Wednesday, piling on 1,092.88 points, or 6.7%, at 17,344.42, as the yen weakened against the U.S. dollar, trading at 105.42 as of late afternoon The dollar/yen had plunged to 101 levels on Wednesday.
The Hang Seng Index in Hong Kong restored 423.92 points, or 1.9%, to 22,839.11
Australian markets were underpinned by the energy sub-index, up 3.3%, and the materials subindex, up 5.8% The gold sub-index shed 4.8%.
New Zealand's markets also gained. Before markets opened, the Reserve Bank of New Zealand cut rates by 25 basis points to a record low of 1.75%.
CHINA
The CSI 300 in Shanghai recovered 37.56 points, or 1.1%, to 3,390.61
The Chinese yuan plunged to a fresh six-year low against the dollar on Thursday, tracking a broad rally in the greenback after Donald Trump's surprise presidential win in the U.S..
The yuan fell to 6.7912 against the U.S. dollar as of late afternoon, down from its close at 6.7769 on Wednesday.
Chinese companies involved in One Belt, One Road, a China-led initiative for a major infrastructure and trade framework, received a boost from a weaker yuan and Trump's win
China Communications Construction was up 6.9%, while Zoomlion Heavy industries shot up 4.6% and Sany Heavy added 3.1%.
In other markets
In Korea, the Kospi recouped 44.22 points, or 2.3%, at 2,002.60
The Straits Times Index in Singapore hiked 37.56 points, or 1.1%, to 2,834.09
In Taiwan, the Taiex Index jumped 208.98 points, or 2.3%, to 9,152.18
In New Zealand, the NZX 50 regained 69.51 points, or 1%, to 6,733.72
Australia's benchmark ASX 200 chugged ahead 172.28 points, or 3.3%, at 5,328.84
