TheJakartaPost
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Asian equities stabilized Wednesday after a rough start to the week fueled by Donald Trump's Greenland-linked tariff threats. Tokyo, Sydney, Singapore, Taipei and Manila fell, while Hong Kong, Shanghai and Jakarta rose.
Asian stocks rose on Wednesday, buoyed by Japanese shares, as investors braced for a snap election in Japan that could lead to more fiscal stimulus, while worries about central bank independence and benign US inflation data whipsawed currencies.
Stocks began 2026 on a positive note in holiday-thinned trade as investors braced for a year set to test the AI-led rally, usher in a change of guard at the Federal Reserve and potentially more market turbulence under Donald Trump's presidency.
Asian stocks were at six-week highs on Monday, while the dollar hovered near its lowest in almost three months on expectations of the Federal Reserve cutting interest rates next year, which have also sparked a fierce rally in precious metals.
