The Tokyo stock exchange plunged 5.5% Wednesday morning, with sharp drops also recorded in other Asian markets. The Mexican peso fell 10%, the dollar dropped 3.4% against the yen and 1.7% against the euro, while it jumped against emerging market currencies.
Oil prices dropped by 3%, while gold, the Swiss franc and the yen – safe harbors for investors in stressful times – are all trending upward.
Donald Trump’s U.S. presidential election victory is rocking the world financial markets.
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Analysts predicted a negative reaction to a Trump victory, but neither they nor the markets factored in the possibility seriously because of the inherently optimistic nature of investments.
Donald Trump Elected 45th President of the United States
Article source: http://www.haaretz.com/world-news/u-s-election-2016/1.752037