Markets: Asian shares tumble as Trump gains

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Asian shares tumble as Trump gains 

 

HONG KONG: -- Share benchmarks are tumbling across Asia after Donald Trump gained the lead in electoral votes, with 137 to Hillary Clinton's 104 as of 9:30 p.m. EST (0230 GMT). Markets had opened solidly higher but quickly shed those gains, reflecting investor concern over what a Trump presidency might mean for the economy and trade.

 

Japan's Nikkei 225 index dropped 2.4 percent to 16,777.85 as the U.S. dollar sank against the Japanese yen, a trend that would be unfavorable to exporters. Hong Kong's Hang Seng plunged 1.7 percent to 22,514.70.

 

South Korea's Kospi index fell 1.4 percent to 1,976.49 and Australia's S&P ASX/200 lost 1.2 percent to 5,196.70.

 

Earlier, investors had appeared convinced that Hillary Clinton would win the presidency. Clinton is viewed as a more stable option who might maintain current policies.

 

-- © Associated Press 2016-11-09

[kevkev1888]

GO TRUMP !!!!!!!!!