World Markets’ Plunge Signals Investors’ Doubts About Trump
As the realization worked its way around the planet that Donald J. Trump would become the next president of the United States, global investors reacted as if the world had caught fire. They yanked their money from the marketplace in an unrestrained bout of selling reminiscent of the outbreak of war.
They sold stocks — first in Asia, and then in Europe, with New York trading set for a fall as well, according to the futures markets. They sold oil and the Mexican peso, pushing it to a record low. They even sold the American dollar, which nearly always functions as a refuge in times of chaos, but suddenly seemed like a green piece of paper issued by a government seized by insurrection.
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