Dow plunges in overnight trading during election

Trader Kevin Lodewick works on the floor of the New York Stock Exchange, Friday, Aug. 21, 2015. The Dow Jones industrial average has plunged more than 530 points and is in a correction amid a global sell-off sparked by fears about China's slowing economy. Oil tumbled below $40 per barrel for the first time since the financial crisis. (AP Photo/Richard Drew)
Trader Kevin Lodewick works on the floor of the New York Stock Exchange, Friday, Aug. 21, 2015. The Dow Jones industrial average has plunged more than 530 points and is in a correction amid a global sell-off sparked by fears about China's slowing economy. Oil tumbled below $40 per barrel for the first time since the financial crisis. (AP Photo/Richard Drew)

(AP) – Investors are unloading shares as prospects for a Trump presidency appear to be rising. Dow futures have tumbled 4.6 percent or 855.00 points and S&P 500 futures are down 4.1 percent or 86.50 points.

Shares are tumbling across Asia, with the Nikkei 225 index in Tokyo down 4.4 percent at 16,410.55. India’s Sensex has sunk 5.4 percent to 26,164.36.

The dollar has plunged against the yen, dropping to 101.99 yen from 105.46 yen earlier in the session.

The Mexican peso, seen as a proxy for Trump’s chances of winning, has fallen 10.7 percent to 20.32 pesos to the dollar.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s