(Image credit: AP)

US Election 2016: Asia markets bounce back after Trump win

Asian share markets have surged back after Wednesday's sharp sell-off in the immediate aftermath of Donald Trump's US election victory.

Thursday's rally followed rises in Europe and the US, as the market meltdown many had anticipated failed to materialise.

Japan's Nikkei 225 index soared 6.7%, more than recovering losses from the previous session.

Hong Kong's Hang Seng index added 2.1% with Australia's ASX index up 3.3%.

Traders had expected Hillary Clinton to beat Mr Trump to become the next US president. His victory initially sent money flowing into safe haven stocks, gold and currencies including the yen.

But despite the Asia market slide on Wednesday, the major US markets all rallied robustly during the day and closed more than 1% higher.

"Investors were risk averse yesterday, then after seeing that Americans were optimistic and chasing...Read more...

Source: bbc.com