After the news of Mr. Trump's victory, stocks and USD skyrocketed.

The election of former US President Donald Trump is expected to have major impacts on the economic and financial sectors.

US stock futures surged after former US President Donald Trump was projected to win the battleground state of Pennsylvania, before Fox News projected him to win the US presidency after the election on November 5 (local time).

Dow Jones Industrial Average futures jumped more than 850 points, or more than 2%, according to NBC News. S&P 500 futures also rose about 2%.

Meanwhile, the US dollar surged and the digital currency Bitcoin hit a record high on November 6, according to AFP. The US dollar rose 1.5% to 154.33 yen, its highest level since July, while the US dollar also rose more than 1% against the euro and more than 2% against the Mexican peso.

Bitcoin rose nearly $6,000 to a record high of $75,005.06, surpassing its previous peak of $73,797.98 in March.

New York Stock Exchange on US election day 5.11

According to The Economic Times , Mr. Trump has promised to turn the United States into the “cryptocurrency capital of the planet” by loosening regulations and being more open to innovation.

Meanwhile, prices of consumer goods from oil to metals and grains fell due to the increase in the US dollar, according to Reuters.

Crude oil prices LCOc1, CLc1 and soybeans Sv1 fell around 1.5%, while copper prices CMCU3 fell more than 2% in Asian trade under pressure from the US dollar. Precious metals such as gold remained steady.

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"This is the initial reaction in the commodity market to the vote count in the US and the initial results in the direction of Mr. Trump's victory," said expert Ole Hansen, head of commodity strategy at Saxo Bank (Denmark).

This expert believes that if the world witnesses a "Trump 2.0 scenario", metals will be at a disadvantage, while oil prices will fall due to concerns about economic growth, and tariffs will not be good for the world in general.

Global oil supplies could be disrupted if the new US administration tightens sanctions on oil shipments from Iran, which exports about 1.3 million barrels of oil per day.

Source: https://thanhnien.vn/sau-tin-ong-trump-duoc-goi-ten-chien-thang-chung-khoan-va-usd-tang-vot-185241106161828289.htm