Stocks, Oil Prices, US Dollar Fall on Investor Worries About US Election
At one point, Japan's Nikkei plunged 5.8 percent, while Hong Kong's Hang Seng dropped 3.8 percent. U.S. stock futures were off by 4 percent or more.
Markets reacted to projections by U.S. television networks that Trump would win more states than expected. Most public opinion polls had previously predicted a victory by Democrat Hillary Clinton. Republican Trump's promises to drastically change U.S. trade, tax and other policies raised uncertainties that rattled investors.
Analysts say uncertainty can slow the economy because worried businesses delay investments to avoid additional risk.