Asian stocks followed their US peers higher on expectations President Donald Trump’s administration will lift restrictions on businesses and energy production, boosting the outlook for Corporate America.
Shares in Japan, Australia and South Korea opened higher, while those in Hong Kong looked set to decline. Contracts for US equities advanced in early Asian trading as Trump announced a new investment push for artificial intelligence led by Softbank Group Corp., OpenAI LLC, and Oracle Corp. Treasury yields hovered near their lowest levels of the year.
