Yen, gold gain, stocks drop as prospects of Trump presidency unsettle markets

Wed, 09 Nov 2016

By Sophie Boot Nov. 9 (BusinessDesk) - The yen strengthened and gold rose, while stock markets fell as US presidential election results showed the possibility of a win by Donald Trump, sending investors to so-called safe haven assets. The S&P/NZX 50 Index fell 2.4 percent to 6,732.41 at 4.05pm, having traded higher most of the day. Stocks fell across Asia dropped this afternoon with the Nikkei 225 Index down 2.2 percent, the Hang Seng falling 1.7 percent, and the S&P/ASX 200 Index 1.7 percent lower. The Mexican peso had its biggest one-da...

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