The results of the US election have concluded that Donald Trump will be the next president of America.
The votes of the American election have been counted and Donald Trump is the next president of the United States of America. Similar to Brexit, there were shock waves sent through the currency and equity markets within Asia as an air of uncertainty loomed.
Nicholas Holt, head of research at Knight Frank, Asia Pacific, has said, “Similar to the impact of Brexit, the result of the US presidential election is likely to cause further uncertainty in terms of the global economic recovery and is likely to lead to a rush towards safe haven assets. Along with gold and triple-A rated government bonds, prime real estate in key global city markets is likely to see an uptick in interest.”
There was just a blip in the Asian markets as today Japan’s Nikkei 225 index exceeded the losses made from the previous session increasing by 6 percent. Likewise the markets in both Hong Kong and Australia saw positive growth.
The US reputation is that of a powerhouse. Many countries aspire to their model but this may shift with Trump in power. China is expected to strengthen its position as their America fairy tale democratic system did not play out as expected, but ahead of that many Chinese commentators have argued that faith had already been damaged with the US thanks to both the Afghanistan and Iraq wars.
Whilst Trump may not be considered to be a likely candidate for a seat in the White House, he has a strong background within the business world. With an impressive property portfolio, some across South East Asia are open to his position largely due to his business mind. The coming weeks and months will unravel his policies and really show how much influencing power America has on the rest of the world.
