13:13 Nov. 9, 2016
Investors fear Trump's win could cause global economic and trade turmoil
Global financial markets, counting on a win of Democratic candidate Hillary Clinton, were rattled on Wednesday when Donald Trump's election victory stunned the world.
Asian stocks were the first to react with a sharp overnight fall as Japan's Nikkei led the rout, dropping by more than 5%, prompting fears of Brexit-style drop.
However neither markets nor currencies have swung as wildly as they did after June's EU referendum - and many Asian markets saw losses narrow towards the end of Wednesday trading.
The Hang Seng in Hong Kong finished 2.2% lower and the Shanghai Composite lost 0.6%. Australia's ASX 200 finished down 1.9% while the Kospi in South Korea ended 2.7% lower.
Wall Street has also greeted Donald Trump presidency with the sharpest losses since at least the Brexit vote. The U.S. dollar sank and stocks plummeted as investors fled risky assets.
Futures on the Dow Jones Industrial Average falling 792 points, or over 5.1%.
At the open of trading, stocks in London were plunging as well with the FTSE 100 index fell 1.4% in early trading before recovering to trade flat at 6,838 points.
But the situation is looking calmer in Europe right now after Trump made some conciliatory comments about uniting America and governing for the whole country.
The US dollar has also scrambled back from an early-morning rout, and is now only slightly lower against the euro. Meanwhile, the Mexican Peso has born the brunt of the Trump shock - hitting a record low.
Precious metals makers are leading the rally in London, showing that investors are expecting safe-haven assets like gold and silver to remain popular.
The Russian ruble was a rare bright spot among emerging-market currencies Wednesday following the U.S. elections, The Wall Street Journal reports.
The Russian ruble was up 0.6% against the dollar recently at 63.7725. That compares to an 8.3% fall in the Mexican peso, a 2.2% fall in the South African rand and a 0.4% drop in the Brazilian real.
Many investors believe the election of Donald Trump will be negative for many emerging markets given his anti-trade and anti-immigration rhetoric. But Russia is seen as one potential beneficiary.