Dollar, Mexican peso, stocks tumble as Trump takes election lead
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SYDNEY - The US dollar sank and stocks plummeted as mayhem came to world markets on Wednesday as investors faced the possibility of a shock win by Republican Donald Trump that could upend the global political order.
Every new TV network projection in the US presidential election showed the race to be far closer than anyone had thought, sending investors stampeding to safe-haven assets.
Sovereign bonds and gold shot higher while the Mexican peso went into near free-fall as AP gave Florida to Trump.
US stock futures recoiled more than 4 percent, a loss reminiscent of the carnage that followed the British vote to leave the European Union in June.
