Sail Lobe by GT Watson, Getty Images / AFP
- After President Donald Trump claimed victory and the U.S. Stock futures erased initial gains and asked the Supreme Court to stop counting votes.
- Technol-G’s heavy Nasdaq 100 futures rose just 0.8% after a previous 3 percent jump, while Bitcoin and crude oil rallied.
- Trade-sensitive currencies such as the Mexican peso and the Chinese yuan, along with safe havens such as gold and the Japanese yen, declined.
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US stock futures and the dollar rallied on Wednesday as investors expected a near-presidential race to boost technical stocks, crude oil and cryptocurrencies.
But after President Trump declared himself the winner and called on the Supreme Court to stop counting the votes, the previous advantage was erased. Futures on the tech-heavy Nasdaq 100 are up 0.4%, while those on the S&P 500 and Dow Jones are down 1.5%.
As of 11:30 p.m., no clear leader has yet been found in the presidential race between President Donald Trump and Democratic President B Biden as the results continue to come. Voting involves a number of major states, with most states having or will continue to be closed. . President Trump has won Florida’s main battlefield.
More risky sensitive assets like oil and bitcoin bounced, while more secure-assets like gold and the Japanese yen came under fire.
The Kobo Volatility Index futures or VIX rose 4% to 35.6, but was even lower than its four-month high last week.
Despite the close race, volatility remained fairly modest, as investors had already set aside time for election results to take a very long time to clear.
“As the night grinds on Donald Trump, there seems to be a significant comeback, as the polls in the US indicate that he has had a good night. “Benefits for Stock Futures,” said Chris Butch, chief market analyst at online broker IG.
“This impressive recovery seen as a pro-party business has been taken in a positive vein by the markets, although much remains to be calculated.”
The dollar-dollar index traded up 0.4%, gaining 0.4% against the yen and 0.5% against the euro.
Blue-chip stocks in Asia were further shaken by optimism in US markets. Japan’s Nikkei was a 2% stronger performer due to the weakness of the yen, while Seoul’s KOSPI rose 1%. Chinese and China sensitive indices were more muted. Like Shanghai Australia’s S&P / ASX200, the Shanghai composite was almost changed that day.
Here’s what’s going on in the most election-sensitive markets:
Top 5 Beneficiaries
| Property | Last price | Change percent |
| Bitcoin | , 13,895 | 3.52% |
| Nasdaq 100 Futures | 11,569 points | 2.70% |
| WTI crude futures | .5 38.52 a barrel | 2.28% |
| Dollar / Mexican Peso | MXN 40.55 | 2.12% |
| S&P 500 futures | 3,399 points | 1.13% |
Top 5 losers
| Property | Last price | Change percent |
| 10-year Treasury Yields | 0.928% | -7.70% |
| VIX Futures | 31.2 points | -1.35% |
| Gold | 1,910.35 per 9 ns | -0.48% |
| Euro / Dollar | 17 1.1713 | -0.38% |
| Sh Fashore Yuan / Dollar | 6.7034 | -0.32% |
