Business Report: Stock markets after Trump win - Hawaii News Now - KGMB and KHNL

Business Report: Stock markets after Trump win

(Image: Hawaii News Now) (Image: Hawaii News Now)
HONOLULU (HawaiiNewsNow) -

The Tokyo stock market lost 5 percent of its value overnight. Asia markets in general closed lower, and European markets have been lower this morning to a smaller degree.

Gold went over $1,300 an ounce. This was not a political statement, it was a business decision to shift money to safe havens unless the dust settled.

Cash shifted into the bond market, for example. The dollar rose 3 percent. It's a safe currency to invest in, but so is the yen, so it kept pace, and the exchange rate this morning is about the same for our Japanese guests as yesterday.

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