Asian markets rose as traders considered the impact of strong U.S. economic data and the 2025 election results favoring Democrats. The U.S. Supreme Court is expected to rule on Trump’s tariffs soon, with analysts predicting tariffs will remain in some form. China saw a successful return to the international bond market, boosting its Shanghai Composite index. Japanese markets rallied on positive U.S. labor market signs and continued growth in the services sector. Australian markets ended a two-day slide, while New Zealand’s S&P/NZX-50 index dropped slightly. Gold prices rose, and U.S. stocks closed higher on solid earnings and economic data.

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