Asian equities are set to rise as US stocks hit new highs due to investor optimism about the possibility of Donald Trump serving a second term.
On Wednesday, the S&P 500 rose by 2.5%, its best performance after Election Day, while the Nasdaq 100 climbed 2.7%, with both indices reaching record highs.
Australian stocks and Japanese futures are also increasing, reflecting the positive sentiment from Wall Street.
Additionally, the dollar has strengthened significantly, and there has been a notable decline in Treasuries.
Market participants are eagerly awaiting a decision from the Federal Reserve, which is expected to announce interest rate cuts today, further impacting the financial landscape.