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| US elections send markets, Mexican peso into tailspin | |
| (about 1 hour later) | |
| While the winner of the US presidential race is yet to be determined, the unexpectedly strong performance by Republican candidate Donald Trump has had a turbulent impact on the markets. | While the winner of the US presidential race is yet to be determined, the unexpectedly strong performance by Republican candidate Donald Trump has had a turbulent impact on the markets. |
| FOLLOW RT'S ELECTION LIVE UPDATES | FOLLOW RT'S ELECTION LIVE UPDATES |
| The currency market is seeing a strong hit as Trump takes the election lead with the Mexican peso witnessing a strong nosedive along with the US dollar at the start of trade in Asian. | The currency market is seeing a strong hit as Trump takes the election lead with the Mexican peso witnessing a strong nosedive along with the US dollar at the start of trade in Asian. |
| The Mexican Peso sank over 10 percent to 20.20 pesos to $1 as Trump steamed ahead in the polls. | The Mexican Peso sank over 10 percent to 20.20 pesos to $1 as Trump steamed ahead in the polls. |
| “Markets [are] getting increasingly nervous about the outcome,” Andres Jaime, global FX and rates strategist at Barclays told CNBC. | “Markets [are] getting increasingly nervous about the outcome,” Andres Jaime, global FX and rates strategist at Barclays told CNBC. |
| Prior to voting, the Mexican peso strengthened 1.3 percent against the American dollar on Tuesday, as Democratic nominee Hillary Clinton looked like she had consolidated a firm lead against her Republican opponent just ahead of the election. | Prior to voting, the Mexican peso strengthened 1.3 percent against the American dollar on Tuesday, as Democratic nominee Hillary Clinton looked like she had consolidated a firm lead against her Republican opponent just ahead of the election. |
| US crude oil futures have also taken a hit, falling 4 percent below the previous $43.17 per barrel. The Dow Jones Industrial Futures fell 500 points, or nearly 3 percent. READ MORE: Colorado voter database unavailable for 30 minutes on election day | US crude oil futures have also taken a hit, falling 4 percent below the previous $43.17 per barrel. The Dow Jones Industrial Futures fell 500 points, or nearly 3 percent. READ MORE: Colorado voter database unavailable for 30 minutes on election day |
| Overall stocks in Tokyo, Hong Kong and other major markets fell by as much as 2 percent as Trump began to extend his lead, The New York Times reported. | Overall stocks in Tokyo, Hong Kong and other major markets fell by as much as 2 percent as Trump began to extend his lead, The New York Times reported. |
| In the meantime gold and government bonds surged, with the precious metal rising over 3 percent to $1,315 per troy ounce. | In the meantime gold and government bonds surged, with the precious metal rising over 3 percent to $1,315 per troy ounce. |
| On Wall Street, Dow Jones industrial average futures slid more than 700 points at one point on news of Trumps steering to victory. The Standard & Poor’s 500-stock index sank more than 100 points, while the tech-heavy Nasdaq dropped over 200 points, Washington Post noted. |