DHAKA: Asian share markets have bounced back after seeing a sharp sell-off on Wednesday 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 materialize.

Japan’s Nikkei 225 index soared 6%, more than recovering losses from the previous session, reports the BBC.

Hong Kong’s Hang Seng index added 2% with Australia’s ASX index up 2.8%.

Traders had expected Hillary Clinton to beat 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.

The US dollar also rose throughout the day and continued to make gains in Asia early on Thursday.

On Wall Street, the Dow Jones ended the day up by 1.4% at 18,589.69. The S&P 500 was 1.11% higher at 2,163.26 and the Nasdaq was also up by 1.11% at 5,251.07.

In London the FTSE 100 index dropped 2% at the start of trading before recovering to end the day 1% up.

France’s Cac index and Germany’s Dax both closed about 1.5% higher after erasing losses of more than 2%.

BDST: 0820 HRS, NOV 10, 2016
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