The unexpected victory of Republican nominee Donald Trump resulted a sharp decline in the international stock markets.
American stock market index S&P 500 futures slipped as much as 5% following news that Trump pulled ahead of Hillary.
Japan’s Nikkei stock index was down about 5%,crude oil slumped more than 3% and the dollar fell 3.6% against the Japanese yen, Wall Street Journal reports.
The Canadian dollar also could face pressure under Trump’s presidency because of his pledge to renegotiate the North American Free Trade Agreement.
Trump’s victory affected the Indian market too. Sensex opened with a negative gap of more than 800 points. The benchmark sensex fell 1,399 points in the pre-open session.
S&P ASX/200 in Australia slipped 0.2 percent to 5,249.40.
South Korea’s Kospi skidded 0.6 percent and Hong Kong’s Hang Seng plunged 1.4 percent to 22,582.,Telegraph reported.
Gold prices hiked to their best price since Brexit. Many of the investors piled into safe-haven asset after Trumps victory. The price showed an increase into $1,337 an ounce, which made it biggest gain since June 24, New York Times reported.
Mexican peso fell 8.6 percent to the biggest drop in the last twenty years.
During his campaign, Trump has advocated strongly controlling immigration and raising trade tariff.
