Global Investors Panic Over Trump's Win

Global currencies and stock markets plummeted Wednesday as investors reacted to Donald Trump’s victory in the U.S. presidential election. S&P 500 and Nasdaq 

futures were down over 2 percent at 3:30 a.m. EST, and trading in futures on the S&P 500 was briefly halted after tumbling 5 percent, which triggered a circuit breaker. The U.S. dollar also weakened against safe-haven currencies such as the Japanese yen.

“There’s a lot of panic in the market, it is definitely an outcome it was not expecting,” Juan Carlos Alderete, a strategist at the Mexican financial services company Banorte-IXE, told the Guardian. “The movements are very strong, the market is showing higher risk aversion in search of safe-haven assets.”

In Asia, Japan’s Nikkei 225 closed down nearly 5.4 percent, South Korea’s Kospi Composite index plunged almost 2.3 percent, China’s Shanghai Composite fell 0.6 percent, while India’s S&P BSE Sensex was trading down 1.1 percent with an hour of trading remaining.