Global stocks plunged, the price of gold soared and the dollar nose-dived on Wednesday in the wake of US Republican presidential candidate Donald Trump winning the White House.
Report from Frankfurt showed that eurozone’s blue-chip Euro Stoxx 50 index dropped 2.74 per cent in opening trading to 3940.6 points.
It indicated that the dollar was down about 2 per cent against the world’s major currencies as Trump supporters celebrated victory over Democrat candidate, Hillary Clinton.
It added that the price of gold surged about 3 per cent to $1,314 an ounce compared with Tuesday as investors frantically searched for safe-haven investments.
Business Global markets plunge, gold soars in wake of Trump victory
