Global Markets Plunge as Trump Heads for Presidency


Share markets plummeted on Wednesday as Donald Trump heads for US presidency in a shocking victory, leaving the world economy uncertain. Dollars plunged against the euro and yen, along with the Mexican peso at a record low. In contrast, safe-haven assets surged as gold reportedly climbs five percent.

Financial markets face imminent impact as Japanese and South Korean authorities begin to call crisis talks. According to Craig Erlam, senior market analyst at OANDA, the markets were a ‘bloodbath’ in the hours leading up to the stunning conclusion, with the Mexican peso taking a beating.

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The shock win comes after months of polling appeared to favor Hillary Clinton, across a grueling campaign that concluded with the Republican nominee's taking of key states Florida, North Carolina, Ohio and Pennsylvania. Trump’s Wisconsin win paved his way for the White House with over 270 out of 538 electoral college votes.

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