Futures Trading: Australia Benchmark and Cent

futures trading: After Australia benchmark S&P/ASX200 closed at a four-month low, the rout continued across Asia with Japan Nikkei index down 5.4 per cent and Hong Kong dropping three per cent, according to Nine News Australia. In the US, futures trading showed the Dow Jones index was also set to open more than three per cent lower for the US Wednesday trading session. Australia market was first to feel the brunt of investor fear for what the controversial Republican ascendancy to the White House will mean for global trade and politics, given his staunch opposition to free trade deals and strong criticism of China, the world second-largest economy. More than 35 billion was wiped from the value of Australian shares and the Aussie dollar also took a hit against its US counterpart, even as the greenback fell against the euro and the yen. Bonds and gold gained as investors flocked to safe havens. The Aussie dollar hit a six-month high in morning trade as Hillary Clinton looked set to win but the currency closed sharply lower at 76.19 US cents, down from 77.04 US cents on Tuesday afternoon, in the wake of Mr Trump surge to victory. (news.financializer.com). As reported in the news.