Asian markets tumble as U.S. polls suggest possibility of Trump win

PanARMENIAN.Net - Asian stocks have tumbled after results from the U.S. presidential polls suggested a victory for Donald Trump looked increasingly likely, BBC News reports.

All major markets in the region are now lower, with money flowing into safe haven stocks, gold and currencies including the yen.

Meanwhile the Mexican Peso has hit an all-time low against the dollar.

As traders had expected a comfortable Hillary Clinton win, even a tight race is enough to spark volatility.

Japan's Nikkei 225 is down by 5.2% while the Hang Seng in Hong Kong is 3.8% lower and the Shanghai Composite has lost 1.6%.

Australia's ASX 200 dropped by 2.1% while the Kospi in South Korea is 3.1% lower.

Earlier, U.S. and European markets closed higher - but U.S. stock futures fell sharply with the Dow Jones index expected to lose more than 4% - 800 points - when trading resumes on Wall Street on Wednesday, November 9.