Stock market today: Asian stocks climb after Wall Street's post-election boom slows

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The South Florida SPCA Horse Rescue posted a picture of a stolen broodmare that the believe was taken from a pasture unincorporated Miami-Dade County.Horse thefts are being reported across Florida. Officials say they might be tied to the illegal horse meat trade FILE - Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Nov. 12, 2024.

The Hang Seng in Hong Kong added 0.3% to 19,486.97 and the Shanghai Composite index dropped 0.4% to 3,367.94 after a report from the National Bureau of Statistics on Friday showed the nation’s retail sales rose 4.8% year-on-year in October, beating forecasts. But industrial output slowed from the previous month and improvements in the property industry were marginal.

Smaller stocks also fell harder than the rest of the market, and the Russell 2000 index of small stocks lost 1.4%. It’s a turnaround from the election’s immediate aftermath, when the thought was that an “America First” president would benefit domestically focused companies more than big multinationals that could be hurt by tariffs and trade wars.and comments from Federal Reserve Chair Jerome Powell.

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