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Asian shares retreat after Trump's victory as focus turns to the Fed
This audio is generated by an AI tool.
This audio is generated by an AI tool.
Japan's Nikkei 225 shed early gains to fall 0.6 per cent to 39,246.86, while the Kospi in Seoul fell 0.4 per cent to 2,554.57.
Australia's S&P/ASX 200 edged 0.1 per cent lower, to 8,191.00.
Chinese shares also declined. Hong Kong's Hang Seng dropped 0.7 per cent to 20,386.36. The Shanghai Composite index also fell 0.7 per cent, to 3,359.99.
Trump has promised to slap blanket 60 per cent tariffs on all Chinese imports, raising them more if Beijing makes a move to invade the self-governing island of Taiwan.
Investors are adding to bets built earlier on what the higher tariffs, lower tax rates and lighter regulation that Trump favours will mean. Higher tariffs on imports from China would add to the burdens Beijing is facing as it struggles to revive slowing growth in the world's second-largest economy.
