The results for the 2016 presidential election began rolling in around 6 pm on Tuesday night. The popular vote stands at 24,596,386 votes for Trump (48.9%), 23,497,293 for Clinton (47.%).
These prospect of Trump raising to presidency shook financial markets around the world, sending stock prices sharply lower as investors panicked over uncertainties on trade, immigration and geopolitical tensions.
“Rightly or wrongly, markets are going to be concerned about a Trump victory, particularly given the potential consequences for world trade and its impact on many large companies in the U.S. stock market,” said Ric Spooner, chief analyst at CMC Markets in Sydney.
During the campaign, Trump has threatened to greatly restrict immigration to the U.S., renegotiate the North American Free Trade Agreement, reject a Pacific Rim trade initiative known as the “TPP.” He also has vowed to build a wall along the United States’ southern border and force Mexico to pay for it.
Economists have said a Trump win could put the Mexican economy into contraction, and as results emerged Wednesday, the Mexican peso swooned 11.5 percent to 20.73 pesos to the dollar.