By Wayne Cole | SYDNEY SYDNEY Asian stocks crept to one-week highs on Wednesday as investors tried to share in the exuberance of Wall Street, where the three main indices seized record peaks for a second straight session.Australia's main index led the early action with a rise of 0.5 percent to a one-month top, helped by strength in bulk commodity prices.Japan's Nikkei .N225 was closed for a holiday after enjoying a five-session winning streak that took it to the highest finish since January.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS also added 0.3 percent, edging further away from four-month lows hit on Monday.Emerging market shares have struggled in recent days as surging U.S. bond yields sucked much-needed capital out of Asia. President-elect Donald Trump's past talk of trade tariffs has also weighed on sentiment in the export-intensive region.Analysts at JPMorgan said Trump's latest pledge to dump the Trans-Pacific Partnership was already priced into markets."What may not be factored in is the possibility of follow-through on other, more protectionist campaign proposals," they wrote in a note to clients."We remain concerned about this as a source of downside risk, delivering a negative surprise to markets which so far appear to be enamored of his emphasis on fiscal stimulus and deregulation since the election." That love-affair was evident on Wall Street where the Dow .DJI closed up 0.35 percent and above 19,000 for the first time
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