![Asian markets hit by Trump fears, weak yen lifts Tokyo](https://photo-cdn.urdupoint.com/media/2016/11/_2/740x404/pic_1479110826_1.jpg)
Asian Markets Hit By Trump Fears, Weak Yen Lifts Tokyo
Rukhshan Mir (@rukhshanmir) Published November 14, 2016 | 01:05 PM
![Asian markets hit by Trump fears, weak yen lifts Tokyo](https://photo-cdn.urdupoint.com/media/2016/11/_2/740x404/pic_1479110826_1.jpg)
HONG KONG, , (UrduPoint / Pakistan Point News - 14th Nov, 2016 ) - Japanese stocks soared Monday as the Dollar hit a four-month high against the Yen on expectations of hikes in US interest rates, but most other Asian markets were hit by worries about the impact of Donald Trump's presidency on global trade.
Equities around the world have seen volatile trading since the tycoon's shock election win, with his pledge of big-spending measures and tax cuts leading to predictions of a surge in inflation and in turn higher borrowing costs.
The prospect of better and safer returns in the US has also led to an exodus from emerging markets and currencies, while the Mexican peso is also struggling owing to concerns about Trump's warning he will tear up a key trade deal.
Tokyo's Nikkei ended up 1.7 percent, with exporters rallying on the back of the weakened yen. The dollar was at 107.60 yen, its highest mark since July. "The Federal Reserve now face the conundrum of rising inflation expectations," Chris Weston, chief market strategist in Melbourne at IG Ltd., said, according to Bloomberg news.
"What we saw last week was a genuine change in the thought process of many money managers, with some feeling we need to be prepared for inflation, while many others have been truly sceptical of the moves and note that while markets are firmly in the 'hope' phase there are great execution risks."
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