By Kenan Machado and Kosaku Narioka

Asian shares rose broadly Thursday, as global investors chose to focus on the upsides of a Donald Trump presidency after a sharp selloff in the region the previous day.

Japan's Nikkei Stock Average gained 6.1%, its biggest single-day gain in two months, more than making up for Wednesday's 5.4% fall. Korea's Kospi added 1.9% and Singapore's Straits Times Index was higher by 1.4%.

"His victory surprised everyone but I think people noticed a reconciliatory tone in his speech," said Alex Furber, senior client services executive at CMC Markets. "Analysts are scratching their heads but I think the key now will be with what Trump actually does versus what he has said."

In Australia, the S&P/ASX 200 gained 3.1%, led by commodity stocks as prices recovered, with iron ore surging 4.7% to its highest level year to date. Among key Australian resources firms, BHP Billiton rose 7.8%, while Rio Tinto added 7.9% in afternoon trade.

Asia's strength on Thursday--with all equity markets headed higher--came as stocks on Wall Street notched firm gains overnight, lifted by hopes that Mr. Trump's plan to cut corporate taxes and ease repatriation of firms' overseas cash will boost the U.S. economy. Investors also hoped that his fiscal spending plans would boost a laggard U.S. economy.

Meanwhile, Japanese stocks surged, with analysts noting that Mr. Trump's possible push on infrastructure spending and other initiatives could benefit local infrastructure companies, as well as industrial-robot and electronic-parts makers.

Industrial giant Hitachi was up 10.3%, robot maker Fanuc was up 6.8%, and Honda Motor surged 8.5%.

"There is a tide of positive assessment of Mr. Trump's economic policies, " said Takashi Ito, a strategist at Nomura Securities. "We aren't sure if he can do everything he has said he would, but if some of that materializes, that'd be good news for the U.S. economy," he said.

In U.S. trading on Wednesday, stock markets reversed earlier flips to end up with the S&P 500 closing up 1.1% and the Dow Jones Industrial Average rising 1.4%.

Traders also shrugged off earlier worries over Mr. Trump's tough rhetoric against China, with the Shanghai Composite Index gaining 1.1%, and Hong Kong's Hang Seng Index rising 1.9%, at their midday breaks.

In Hong Kong, shares of China Vanke added 4.8%, after earlier surging as much as 5.8%, after rival China Evergrande further raised its stake in the Chinese developer.

Evergrande's swelling stake in Vanke comes amid a prolonged shareholder tussle for control in the Chinese developer, which is at the center of a takeover battle initiated by less-known Baoneng Group.

But concerns over the outlook of the U.S. market capped gains among Hong Kong stocks with heavy U.S. exposure. Blue-chip Li & Fung, which sources goods for key U.S. retailers, erased gains made in morning trade and was last down 0.6%. The stock had fallen 4.5% on Wednesday.

Analysts say the markets will now refocus on the U.S. Federal Reserve's action in December. Market expectations of an interest-rate rise next month has given way to doubts of any increase at all this year, following the Trump victory.

"I am off the election now," said Stephen Innes, head of trading for the Asia Pacific region at currency broker Oanda in Singapore. "I am certainly changing my December Fed hike view from a certainty to a 50:50 chance."

Saurabh Chaturvedi, Rhiannon Hoyle, Joanne Chiu and Robb M. Stewart contributed to this article.

Write to Kenan Machado at kenan.machado@wsj.com and Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

November 10, 2016 00:19 ET (05:19 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.