Asian shares and US futures are higher after Wall St losses wipe out S&P 500’s post-election gains

News Snapshot:

BANGKOK (AP) — Asian shares and US futures were mostly higher Wednesday after a retreat on Wall Street wiped out all of the S&P 500’s post-U.S. election gains. China announced it intends to keep its economy growing at around a 5% annual pace in 2025, in line with last year’s target, as it opened the annual session of its largely ceremonial legislature. Premier Li Qiang also promised more government spending and other measures to support growth. U.S. stocks tumbled after higher tariffs on imports from China, Canada and Mexico took effect on Tuesday, and investors were watching to see what...