Asian indices were broadly higher in morning trading Thursday after US President Donald Trump changed his stance on negotiations on incentives to combat COVID-19 by posting new proposals on Twitter. The market also accounts for the Democratic victory in the US presidential election.
Once again, President Trump set the tone for the Asia-Pacific stock exchanges, with most indices rallying in early trading. Several late-night tweets from the president pushed Congress to adopt various tailor-made incentive packages for industry, consumers and small businesses. The turnaround has cheered investors hoping for positive steps to support the U.S. economy devastated by COVID-19.