Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump trade

Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump trade

SeattlePI.com

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Asian stocks on Wednesday followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory. Japan’s benchmark Nikkei 225 slipped over 1% in morning trading. Hong Kong’s Hang Seng dropped for a fourth day after it dipped below 20,000 points when China announced a stimulus package in September. The S&P 500 slipped 0.3% Tuesday, coming off its latest record. The Dow Jones Industrial Average fell 0.9%, and the Nasdaq composite slipped 0.1%. Yields jumped in the bond market to add pressure on stocks. U.S. futures fell while oil prices were higher.

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