Donald Trump Victory Rocks Global Markets As Investors Flee To Safe Havens
November 11, 2016
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.