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Asia Markets: Asian stocks lift off after Dow 20,000

Asian stock markets were broadly higher early Thursday, tracking overnight gains on Wall Street, with the Dow Jones Industrial Average closing above 20,000 points for the first time ever.

Japan’s Nikkei Stock Average NIK, +1.67% was up 1.4%, Korea’s Kospi SEU, +0.96% added 0.9% and Hong Kong’s Hang Seng Index HSI, +1.37% rose 1.3%. Markets in Australia were closed for a holiday.

The post-election equities rally in the U.S. has been spurred by hopes of fiscal spending, tax cuts and regulation rollback under the administration of President Donald Trump.

Investors are upbeat that those expectations will soon be realized, given the speed with which Trump has been making executive orders just days into his administration, helping drive gains this week in the U.S.

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