Traders around the world are reacting with jitters as Donald Trump appears to be moving into the lead in the race for the White House..
Markets have gone into free fall and the Mexican peso is tanking, while safe haven assets rallied as investors went running for cover, with the yen and gold rushing higher.
Tokyo ended the morning session 2.2 percent down, having been up more than one percent at one point, while Hong fell 2.1 percent and Shanghai sank one percent.
Sydney gave up 1.7 percent, Seoul shed 1.7 percent and Singapore dived 1.4 percent. There were also losses of more than one percent for Taipei and Jakarta.
Futures on the Dow on Wall Street plunged 2.6 percent.
Clinton is considered by many investors to be a safer bet than Trump, who is seen as a loose cannon with policies many fear could wreck the world’s top economy.
“Put your seat belts on because this is going to be a bumpy ride,” Chad Morganlander, a money manager at Stifel, Nicolaus & Co. in Florham Park, New Jersey tells Bloomberg News.
— AFP
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