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The U.S. elected its 45th president on Nov. 8.

Asian markets slump in reaction to Trump gains

A Chinese man reacts near a board showing the Shanghai Stock Exchange Composite Index at a brokerage in Beijing, China, Wednesday, Nov. 9, 2016. (Ng Han Guan/Associated Press)
A Chinese man reacts near a board showing the Shanghai Stock Exchange Composite Index at a brokerage in Beijing, China, Wednesday, Nov. 9, 2016. (Ng Han Guan/Associated Press)

Asian markets nosedived on Tuesday as Donald Trump won key states in the U.S. election and appeared headed toward the presidency.  

Shares dropped in every market throughout the region, with Japan’s Nikkei index plunging as much as 5.3% by mid-afternoon. Hong Kong’s Hang Seng index fell to 2.6%, while the Korea Stock Exchange dropped 2.9%.

The numbers reflected rattled markets and uncertain investors worldwide, as swing states started flashing red by the late morning. A Trump victory would mark the second political hit to financial markets since the Brexit vote in late June.

One stock benefited. Wisesoft, a Chinese stock whose name “Chuan Da Zhi Sheng” sounds like “Trump Wins Big,” jumped the most in five months, according to Bloomberg News. 

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