Markets suffer ‘Trump slump’ on shock election win

  |   Nigeria News

World stock markets sank Wednesday after maverick Republican Donald Trump surprisingly won the US election, triggering chronic uncertainty that sent investors fleeing for safe-haven assets, dealers said.

Asia kicked off the so-called "Trump slump", with Tokyo diving on concerns over the untested policies of the billionaire businessman and reality TV star, who has scored a surprise victory over Democrat market favourite Hillary Clinton.

"Clinton was a continuation of the status quo, whereas Trump is a huge leap into the unknown, so investors, as well as the wider public, have significant concerns about what he will do and whether he is up to the job," O'Keeffe told AFP.

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