market convulsions: Earlier on Asian markets, Initial confidence that market favorite Hillary Clinton would win the race clearly was wiped out fast as results showed Donald Trump could be heading for victory in some key states, according to Deutsche Welle. The Tokyo Stock Exchange ended the day 5.36 percent down, with the benchmark Nikkei 225 ending at 16,251.54. It, however, later recouped its losses and turned into positive territory. Tokyo said the government and the nation central bank would hold crisis talks later on Wednesday on the market convulsions sparked by the US election results. Put your seat belts on, because this is going to be a bumpy ride, Chad Morganlander at Stifel, Nicolaus & Co. told Bloomberg. Meanwhile, Hong Kong fell 2.2 percent and Sydney gave up almost 2 percent on Wednesday, tracking losses across other Asian markets.
(news.financializer.com). As
reported in the news.
Tagged under market convulsions, election results topics.