Financial markets worldwide responded variably to Donald Trump’s victory in the U.S. presidential election. Asia, response was generally bearish, with the Hong Kong Stock Exchange seeing a 2.23% drop, while China and Japan had mixed outcomes. Conversely, U.S. markets saw an upward trend as investors speculated on increased manufacturing and growth under Trump’s leadership. Notable gains included the S&P 500 Index Futures, which rose 2%, and Tesla, which reached a 52-week high in pre-market trading.
In the U.S., the bullish sentiment extended across various sectors, with Donald Trump’s own company, Trump Media and Technology Group, seeing a 10.9% stock increase after the election. Investors showed a strong preference for equities, with ETF inflows reaching billions in the lead-up to the election. Meanwhile, Europe’s response was tepid, with the UK’s FTSE 100 nearly flat and France’s CAC 40 experiencing a slight dip. African markets, including Nigeria and South Africa, showed moderate fluctuations, largely isolated from the global market trends.
The cryptocurrency market experienced a notable surge, with Bitcoin reaching a record high of $75,000 and Ethereum rising over 5% to regain value at $2,600. Other cryptos, like Solana, also saw significant appreciation. The robust performance in cryptos highlighted investor optimism tied to Trump’s stance on decentralization and digital assets.