Stocks in Asia were poised to join the post-U.S. election rebound, with index futures from Japan to Hong Kong signaling gains following the region’s worst selloff since the Brexit vote. Bonds slumped on speculation Donald Trump will bolster spending as president, fueling inflation.
Shares in New Zealand rallied after their worst day since 2008 as mining stocks drove a recovery in Australia, while futures on the Nikkei 225 Stock Average foreshadowed a sharp rebound after Japanese equities led losses globally on Wednesday. Futures on the S&P 500 Index took a breather after surging back last session from a slide by their 5 percent daily limit. Ten-year government bond yields in Australia and New Zealand soared by more than 20 basis points. U.S. oil held above $45 a barrel following the Republican’s upset win.
