yatheendradas c.k.
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GLOBAL MARKETS 09/11

Yatheendradas C.k. at 08:40 AM - Nov 10, 2016 ( ) Views: 278

GLOBAL MARKETS 09/11 

Global markets were rocked on Wednesday by Donald Trump’s victory in the US election but recovered from their worst falls as the president-elect made conciliatory remarks in his victory speech.

As the scale of Trump’s success became clear, Asian stocks fell sharply, the dollar weakened and gold prices rallied as investors raced for cover amid anxiety about his economic policies. Asian stock markets tumbled and investors scrambled into assets perceived to be safe on nervousness over the outcome of the U.S. presidential election. Japan's Nikkei 225 tanked 5.36 %, or 919.84 points, at 16,251.54.  Hong Kong's Hang Seng was down 494.28 points or  2.16%, at 22,415.19 . The Shanghai Composite ended down 0.61%, or 19.12 points, at 3,128.77. In South Korea, the  Kospi finished down 2.25%t, or 45 points, at 1,958.38. Australia's ASX 200 closed down 1.93%, or 101.23 points, at 5,156.55.

The rout in Asia looked likely to continue in Europe, but despite large initial declines, the slide was less than feared. The Stoxx Europe 600 index gained 1.46% to 331.8 The U.K.’s FTSE 100 index up 1.00% to 6911.84 Germany’s DAX 30 index  up 1.56% to 10,646.01, while France’s CAC 40 index gained  1.49% to 4,443,48.

US share markets have risen strongly shrugging off fears that a Donald Trump election victory could lead to a large Wall Street sell-off. The S&P 500 index ended up 23.70 points, or 1.11%, at 2,163.26. The Dow Jones Industrial Average gained as much as 316 points,  index closed 256.95 points, or 1.40%, higher at 18,589.69. The Nasdaq Composite advanced 57.58 points, or 1.11%, to 5,251.07.

Oil prices rose on Wednesday, as U.S. financial markets bounced back from a early Brexit-like slide that followed Donald Trump's surprise victory in the U.S. presidential election. U.S.Crude settled up 29 cents at $45.27, off a session low of $43.07. Brent Crude was up 31 cents, or .67 percent, at $46.35 a barre


 

 


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