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

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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.

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Read full article: Why go to the movie theater when you can bring it home with this smart mini projector?Person walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Wednesday, Nov. 13, 2024, in Tokyo. A person rides a bicycle in front of an electronic stock board showing Japan's Nikkei index and US dollar/Japanese Yen exchange rate at a securities firm Wednesday, Nov. 13, 2024, in Tokyo.

Hong Kong’s Hang Seng dropped for a fourth day, declining 0.5% to 19,754.92. The Shanghai Composite gained 0.2% to 3,426.98.U.S. futures dropped while oil prices were higher.. Some areas of the market rocketed on particularly high-grade fuel, such as smaller U.S. stocks seen as benefiting the most from Trump’s “America First” ideas.

Treasury yields have been climbing sharply since September, in large part because the U.S. economy has remained much more resilient than feared. The hope is thatas the Federal Reserve continues to cut interest rates in order to keep the job market humming, now that it’s helped get

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