Asian stock markets opened positively, buoyed by better-than-expected US inflation data and the avoidance of a government shutdown. The Shanghai index rose 0.2%, while the Nikkei gained 0.9%, driven by technology stocks. Analysts anticipate a 75 basis point rate cut from the US Federal Reserve next year amid inflation concerns.
Asia-Pacific markets showed mixed results following Donald Trump's election victory, with Taiwan's economy minister indicating support for companies relocating production from China due to anticipated tariffs. The Philippines' GDP growth slowed to 5.2% in Q3, while China's exports surged 12.7% in October, despite a decline in imports. Electric vehicle stocks faced pressure, particularly after Trump's win, with analysts noting potential benefits for traditional automakers like Ford and GM under a less stringent regulatory environment.
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