Stock markets in the Asia-Pacific region have moved higher after President Donald Trump outlined a pro-business agenda for his second term in the White House and stopped short of imposing new trade tariffs on his first day in office.

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Is the Stock Market Going to Soar Under President Donald Trump (as It Did During His First Term)? Here's What History Has to Say.

The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,415 level, a premium of nearly 15 points from the Nifty futures’ previous close.

The dollar weakened ahead of the inauguration, as the Trump administration signaled that new tariffs would not be imposed on the new president's first day in office. Start the day smarter. Get all the news you need in your inbox each morning.

Looking ahead, some analysts think the stock market will keep soaring as Trump pushes for deregulation and tax cuts during his second term. For instance, while on the campaign trail, he proposed lowering the corporate tax rate to 15% for domestic manufacturers. That could boost net profit margins and send the stock market higher.