Global markets drop as U.S. election results shock investors
Investors around the world are reacting with shock to Donald Trump's victory in the U.S. presidential election.
Global stock markets are dropping, Mexico's currency has tanked and U.S. stocks are poised for a rough open. Markets hate uncertainty, and many investors believe Trump's unpredictable nature and anti-trade stance could bring global turmoil.
Dow futures were down about 300 points early Wednesday morning, or about 1.5%. At their low point on Tuesday night, Dow futures were down more than 900 points. Nervous investors may have been soothed after Trump called for Americans to unite after the brutal election campaign.
"Trump definitely sounded more presidential than he has done at any stage during the election campaign," Kathleen Brooks, a research director at City Index in London, said of his speech. "In fact, one could argue that this outsider has delivered an establishment-style victory speech."