tokyo<u+2014>japanese stocks jumped thursday morning following the worst selloff wednesday since the brexit vote in june, as investors shifted their focus from donald trump <u+2019>s surprise victory in the u.s. election to the expansionary fiscal policy he is expected to adopt as president. the benchmark nikkei stock average was up 5.9% at 17210.94 at 10 a.m. (0100 gmt), recouping losses of the previous session<u+2014>the biggest since the u.k. voted in late june to exit the european union. uncertainty over u.s. economic and trade policies hammered stocks wednesday as republican candidate mr. trump prevailed against his democratic rival hillary clinton, who had been leading in the opinion polls and was seen as less likely to introduce drastic policy shifts. <u+201c>there is a tide of positive assessment of mr. trump<u+2019>s economic policies,<u+201d> said takashi ito, strategist at nomura securities. <u+201c>we aren<u+2019>t sure if he can do everything he has said he would, but if some of that materializes, that<u+2019>d be good news for the u.s. economy.<u+201d> mr. ito said japanese infrastructure companies, industrial robot makers, and electronics parts makers are likely to benefit from mr. trump<u+2019>s push for infrastructure spending and other initiatives, although japanese auto makers could face increased protectionist sentiment. industrial giant hitachi ltd. was up 9.4%, robot maker fanuc corp. was up 6.3%, and honda motor co. was up 6.4%. write to kosaku narioka at kosaku.narioka@wsj.com
japan stocks surge as focus shifts to trump<u+2019>s spending plans  - wsj
kosaku narioka