Donald John Trump was elected the 45th president of the United States on last night.The surprise outcome, defying late polls that showed Hillary with an edge The triumph for Trump, 70, a real estate was a powerful rejection of the establishment forces that had assembled against him, from the world of business to government, and the consensus they had forged on everything from trade to immigration.
As the votes rolled in for Trump, U.S. stock markets plunged with futures on the Dow Jones Industrial Average falling 506 points, or roughly 4%, as investors began to brace for Trump’s agenda and his anti-free trade views. Those losses were paired when Trump struck a conciliatory tone in accepting Clinton’s concession.
Fear of a Trump presidency was evident at the open of trading in Europe, where stocks in London plunged 2%, after futures indicated losses as high as 4%. The Hang Seng Index in Hong Kong tumbled 2.7%, the South Korean Kospi fell 2.5% and the Japanese Nikkei 225 was down 5.1%. Australian and New Zealand markets fell by a similar measure.