NEW YORK (Nov 8): Republican Donald Trump stunned the world on Tuesday by defeating heavily favoured Hillary Clinton in the race for the White House, ending eight years of Democratic rule and sending the United States on a new, uncertain path.

A wealthy real-estate developer and former reality TV host, Mr Trump rode a wave of anger toward Washington insiders to defeat Mrs Clinton, whose gold-plated establishment resume includes stints as a first lady, US senator and secretary of state.

Worried a Trump victory could cause economic and global uncertainty, investors were in full flight from risky assets such as stocks. In overnight trading, S&P 500 index futures fell 5 per cent to hit their so-called limit down levels, indicating they would not be permitted to trade any lower until regular US stock market hours on Wednesday.

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