Asian markets bounce back after Trump shock

Asian markets have rallied strongly as they reversed sharp losses seen in the wake of Donald Trump's US election victory.

Japan's Nikkei, which had fallen 5% in the previous session, climbed 7%. In Hong Kong, the Hang Seng added 2%.

A turbulent start to the session on Wednesday had seen European markets briefly follow Asian shares into the red, with the FTSE 100 seeing a 2% fall during the first few moments of trading.

But London's leading share index quickly bounced back and ended 1% higher.

On Wall Street, the S&P 500 was also up 1% on Wednesday.

Image Caption: Traders on the floor of the New York stock exchange after Donald Trump's US election victory

The US dollar has rebounded too, helped by expectations that the US Federal Reserve was still likely to raise interest rates after all.

That possibility had looked sharply reduced in the immediate aftermath of Mr Trump's victory.

Markets had been nervous about the prospect of a Trump presidency up-ending the global political order and tearing up long-standing trade arrangements.

Video: Markets rally but Mexico's peso is battered

But sentiment calmed after his acceptance speech which eschewed some of the more confrontational rhetoric deployed during the campaign.

Instead he put the emphasis on reuniting a divided America, putting millions into work through large-scale infrastructure projects and dealing fairly with other countries.

:: Watch every twist and turn of the US election fallout live on Sky News.

Read more:
:: Donald Trump wins: US election results in full
:: Nasty campaign to give way to civilised handover
:: Brand Trump: Conflict of interest for tycoon
:: President Trump: What could possibly go wrong?
:: Sky Views: Trump a threat to global free trade

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