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Markets trumped

Trinity Chua & Joan Ng Published on Fri, Nov 11, 2016 / 9:40 AM GMT+8

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Donald Trump’s presidential victory has upended asset markets. Now, attention has shifted to the policy moves he may make and the knock-on effect on the rest of the world. What should investors do next?

Donald Trump made the 2016 US presidential election one of the most exciting in living memory. His incredible speeches, tweets and secret voice recordings were the perfect fodder for social media memes, GIFs and re-tweets that ridiculed his extremist views. But those views also got him elected.

“What was shocking wasn’t just that he won,” says Kelvin Tay, chief investment officer for Southern Asia-Pacific at UBS Wealth Management. “But the race wasn’t even close.” Associated Press data at press time showed Trump, the Republican nominee, had 279 electoral votes. Hillary Clinton, the Democratic nominee, took 228. Clinton did win the popular vote, but by a tiny margin: She had 47.7% to Trump’s 47.5%. Votes were still being counted in 18 states.