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World Markets Recover After Trump Win


Most markets in Asia rallied, with Trump's conciliatory acceptance speech helping ease concerns by world financial markets startled by his unexpected election victory.

Most markets in Asia rallied, with Trump's conciliatory acceptance speech helping ease concerns by world financial markets startled by his unexpected election victory.

World markets have recovered after the initial shock at U.S. President-elect Donald Trump's surprise victory receded.

Global stock markets and the U.S. dollar slipped sharply on news that Trump had been elected as the 45th president of the United States, but staged a recovery throughout November 9 as investors digested the information.

World markets continued to recover on November 10, with the dollar and the price of crude oil increasing.

Most markets in Asia rallied, with Trump's conciliatory acceptance speech helping ease concerns by world financial markets startled by his unexpected election victory.

Trump had campaigned against free-trade deals like NAFTA and the more recently signed Trans-Pacific Partnership, suggested taxing imports from countries like China and Mexico, and touted building a wall on the southern border to block illegal immigration that the Mexican government would pay for.

Investors reportedly had viewed the prospect of a Clinton administration's policies as mostly a continuation of the "status quo" established by President Barack Obama.

Based on reporting by Reuters and AP
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