Global markets are freaking out right now, because Trump
UPDATE: Nov. 9, 2016, 12:24 a.m. EST
Donald Trump's surge in the U.S. election on Tuesday night sent markets around the world spinning sharply downward.
Trump's position on global trade — primarily, that the U.S. should do less of it — has caused concern about what that'd mean for a global economy that's been in a state of sluggish growth.
As Trump surged in Tuesday night's election returns, the markets tanked. Like this:
— Dow Futures:Investors were preparing for a significant decline in U.S stocks at the mere idea of Trump being elected. Dow Jones futures went down as much as 800 points, as of 10:28 PM EST.
— The Peso: The Mexican currency dropped sharply, on fears that a Trump presidency will hammer the economy, particularly if the U.S. withdraws from major trade agreements.
Tweet may have been deleted
— Other international marketsaround the world dropped sharply, including in Australia, Japan and Hong Kong.
— And gold and U.S. treasuriesare rallying, in a classic flight to "safer" investments, as investors hedge their bets against stock markets and currencies.
The broad thing to understand is that investors had expected — as did most political pundits — that Hillary Clinton would win. When they get caught off guard, markets get turbulent.
The rally by Trump and resulting market fallout is reminiscent of the Brexit vote, which caught much of the world by surprise and sent the market into a brief but significant tailspin.
Both the S&P500 and the Nasdaq ended up halting trading for a brief period due to the declines.
Tweet may have been deleted
To put the market turmoil in historical terms:
Tweet may have been deleted
Tweet may have been deleted
(责任编辑:新闻中心)
- 中山古镇:到苏炳添家乡看“村BA”,来一场说走就走的美食之旅
- 13 Places to Wade Into the Wondrous History of Sewers
- Best Echo Pop deal: Save 32% on Valentine's Day bundle
- 8 Remote Medieval Hermitages in Central Italy
- Republicans on abortion
- When will Trump and Harris debate? The presidential campaigns snipe over ABC News’ rules.
- North Korean defectors meet world in 'Beyond Utopia'
- Experts say Putin will likely visit Pyongyang this year
- 'Red v. Blue' creator Rooster Teeth shuts down after 21 years
- 23 Peculiar Places of 2023
- Google Drive Alternatives: Improving Privacy and Security
- 7 Places to Get to Know the Real Saint Nick
- Google Drive Alternatives: Improving Privacy and Security
-
12 Places that Celebrate Women in Science
Advancements in science and medicine have been pivotal to the betterment of the modern world, and ma ...[详细] -
志愿者为社区居民开展义诊志愿者在户外驿站为环卫工送上矿泉水文明是一座城市的幸福底色,也是一座城市的内在气质。雨城区青江街道汉碑路社区将新时代文明实践站与其他公共服务设施相整合,凝聚多方合力,建强平台, ...[详细]
-
New York selected to host 2026 FIFA World Cup final
NEW YORK:The 2026 World Cup final will be held at MetLife Stadium in New York/New Jersey, organisers ...[详细] -
NK, Russia hold celebrations marking 75th anniversary of diplomatic ties
A session to watch a documentary film on bilateral ties between North Korea and Russia to celebrate ...[详细] -
13 Unbelievable Underwater Wonders in Florida
A must for any aquatic adventurer is a visit to the City of Mermaids at Weeki Wachee, which offers a ...[详细] -
10 Places That Will Take You to Potato Paradise
The potato, humble as it is, has needed only a few hundred years to become a staple worldwide. Origi ...[详细] -
Canada issues official "oops" for honoring Nazi soldier in Parliament.
Canada! The United States’ northern neighbor has long been perceived as a relative haven of civility ...[详细] -
三家巨头已相继重整,下一个暴雷的会是谁?_南方+_南方plus这个月行业最为热议的事情无疑就是天邦和傲农两大上市巨头相继宣布重整。曾经风光无比的猪企明星最终陷入同一困境实在令人唏嘘。犹记得去年正邦首先 ...[详细]
-
29 Dive Bars, Saloons, and Taverns Where the Vibe Is Unbeatable
From hand-sculpted ice spheres to baroque cocktails made with everything from olive oil–washed gin t ...[详细] -
Musokhranov refuses to give up on Olympic dream
RUSSIA:Defiant weightlifter Oleg Musokhranov has told AFP "Russians never throw in the towel&qu ...[详细]
Best smart home deals this week at Amazon
9 Forgotten Black Enclaves That Offered Hope and Community
- Webb telescope just snapped image of huge black hole gobbling material
- 10 Places That Will Take You to Potato Paradise
- 14 Places to Explore Viking Lore
- 'Boycott Tesla' ads aired during Super Bowl 2024 spotlight self
- [Online Predators] Deepfake pornography haunts S. Korea
- 三家巨头已相继重整,下一个暴雷的会是谁?
- The Rise of Power: Are CPUs and GPUs Becoming Too Energy Hungry?