The Asia-Pacific markets had a mixed performance after Donald Trump's election victory, with Taiwan's economy minister stating that the island would assist companies in relocating production from China due to proposed tariffs by the incoming U.S. administration.
Economic growth in the Philippines slowed to 5.2% in the third quarter, below market expectations.
China's exports experienced a significant year-on-year growth of 12.7% in October, surpassing predictions.
Japan saw a 2.8% year-on-year increase in wages for workers in September.
U.S. automakers Ford Motor and General Motors are well-positioned to benefit from potential policy changes under the Trump administration.
JPMorgan's Michael Feroli suggested that Trump's aggressive tariff policies may not be as definitive as previously thought.
Historical trends suggest that stocks typically rally into year-end following Election Day.