October 19, 2018

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Markets plunge as Trump takes White House

Markets plunge as Trump takes White House

Share markets plunged Wednesday and the dollar tumbled against the yen and the euro as Donald Trump was elected US president, in a stunning upset with major implications for the world economy.

The Mexican peso also fell to a record low as safe-haven assets soared, with gold rising more than five percent and German government bonds rallying. Fears about the impact on financial markets led Japanese and South Korean authorities to call crisis talks. Read more

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