Trump Wins and Markets Explode but Asia Trembles

  • WorldScope
  • |
  • 06 November 2024
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Markets React to Trump’s Victory

Financial markets are seeing a significant surge following Donald Trump’s victory in the recent elections. Futures on Wall Street’s main indices, the S&P 500 and the Nasdaq 100, are up more than 1.5%, reflecting investor optimism.

Asian stock market performance

Asian stocks ended the day with mixed results. Tokyo saw strong growth, closing with an increase of 2.61%. This momentum was accompanied by a further weakening of the yen, which was pressured by the strength of the dollar. The latter also gained ground against the euro, in response to the US election results. However, the situation is less rosy for other Asian markets. Hong Kong recorded a significant decline, with a decline of 2.6%, while the mainland Chinese stock markets showed signs of weakness: Shanghai fell by 0.35% and Shenzhen by 0.27%.

Impacts on raw materials

The commodity market is also affected by political developments. Oil prices have fallen by more than 1%, highlighting a climate of uncertainty that could persist in the short term.

Analysts say markets could continue to fluctuate based on reactions to future economic policies from the Trump administration. In conclusion, while Wall Street is preparing for a phase of post-election optimism, Asian stock markets are showing signs of concern and volatility. Investors remain attentive to the upcoming political and economic developments, aware that the decisions of the new administration could have significant global repercussions in the coming months.

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