Donald Trump elected president; Global markets panic

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Donald Trump has actually been elected the 45th President of the United States after defeating Hillary Clinton, in one of the most dissentious elections in contemporary US background.

The shock win has created the US dollar and also various other significant moneys to weaken substantially. Since this afternoon, the Singapore buck is trading at S$ 1.39 versus the US buck.

According to Winston Lee, Regional Head of New Projects at PropertyGuru, Trump's success would likely influence arising markets in Asia that are greatly tied to America's economy and the US buck.

"Along with gold as well as triple-A ranked government bonds, prime property in essential worldwide city markets is most likely to see an uptick in interest."

" Much like the effect of Brexit, the result of the United States governmental political election is likely to trigger more uncertainty in regards to the international economic recuperation and also is most likely to cause a rush towards safe haven assets," stated Nicholas Holt, Asia Pacific Research Head at Knight Frank.

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