Stock market reacts to Donald Trump presidency

At the end of the trading session on November 10, the US securities market soared with financial, health care and industrial stocks rising sharply reflecting investors’ hope that President-elect Donald Trump will keep his promise of increasing investment in infrastructure.

Meanwhile, stock markets in Asia and Europe and Mexico are negatively reacting to an imminent Donald Trump presidency.

Stock exchanges around the world have strongly responded to Donald Trump’s victory in the US Presidential Election, as they did following the UK’s decision to leave the European Union. At the opening on November 9 in Frankfurt/Main, Germany’s key DAX index lost 2.84%, Mdax lost 2.4% and TecDax 2.15%. The FTSE 100 opened with a decline of 1.87% in London, 2.83% in Paris and 3% in Milan. In Asia, the Nikkei fell 5.4% to 1,301 points. 

Stock markets initially swooned but then recovered as the reality of Donald Trump's victory set in. (Alex Kraus/Bloomberg)
Stock markets initially swooned but then recovered as the reality of Donald Trump's victory set in. (Alex Kraus/Bloomberg)

The Hang Seng Index in Hong Kong lost 3% and KOSPI in Seoul down 3%. According to Chief Economist Holger Sandte of the Nordea Bank, if Mr. Trump implements his plan, the US bond interests would increase sharply pressing the US and the global economy. 

Observers say the Fed is unlikely to increase its interest rates in December. Mr. Jorg Kramer, Chief Economist of the Commerzbank said that in the long term Donald Trump’s presidency will hurt the German and global economy. He said Mr. Trump opposes trade liberalization. So not only Mexico, Canada, and China will be affected, world trade will also be seriously hurt.

Donald Trump’s victory cast a shadow on Mexico’s economy. On November 9, the  Mexican peso fell another 8% to its lowest point in 25 years due to fear that Mr Trump will keep his promise to withdraw from the North America Free Trade Agreement which involves the US, Mexico, and Canada, Investors are worried about a possible bilateral trade war that could push the Mexican economy into a crisis.

President-elect Donald Trump has proposed a tariff of 35% on a number of goods imported from Mexico in order to reduce the US trade deficit.

VOV5

Other News

Vietnam, US strengthen cooperation to ease suffering of AO/dioxin victims

Vietnam, US strengthen cooperation to ease suffering of AO/dioxin victims

A delegation from the Vietnam Association for Victims of Agent Orange/dioxin's chapter in Ho Chi Minh City (VAVA HCMC) visited the US directly inform American friends about the long-term consequences of AO/dioxin in Vietnam and seek the support of progressive groups, veterans, legal experts and youth organisations in efforts to care for the victims.

Indonesia earthquake death toll rises, 2,000 evacuated

Indonesia earthquake death toll rises, 2,000 evacuated

The earthquake struck off Flores Island near Mbay town in Nagekeo district, East Nusa Tenggara province, triggering strong aftershocks. Several houses and other structures were damaged, while landslides disrupted roads in some areas.

Indian Embassy thanks Vietnam for support after Phu Quoc boat tragedy

Indian Embassy thanks Vietnam for support after Phu Quoc boat tragedy

The embassy said on its official X account that the flight carrying the victims' mortal remains departed Ho Chi Minh City on July 13 and arrived in Mumbai later the same day. Authorities in the Indian states of Andhra Pradesh, Kerala and Tamil Nadu coordinated the transportation of the remains to their final destinations.

Vietnamese community in Venezuela backs rescue team on humanitarian mission

Vietnamese community in Venezuela backs rescue team on humanitarian mission

All members of the Vietnamese rescue team in Venezuela have maintained strict discipline, a strong sense of responsibility and unwavering focus when carrying out search, rescue and disaster recovery tasks, with the determination to successfully fulfil the international humanitarian mission entrusted by the Party, State and military.

Key issues ex high agenda at the ASEAN Future Forum 2026

Key issues ex high agenda at the ASEAN Future Forum 2026

PSNews - Nearly six decades after its founding, ASEAN is entering a new phase of transformation. Geopolitical turbulence, intensifying competition among major powers, non-traditional security challenges, and rapid technological change are raising fundamental questions about the region’s future trajectory. In this context, the ASEAN Future Forum (AFF) 2026 is more than a platform for regional countries to discuss current issues; it is designed to identify strategic pathways for ASEAN in the years ahead.

Malaysia bans social media accounts for children under 16

Malaysia bans social media accounts for children under 16

Under the new rules, social media platforms are required to implement age-verification systems and prevent users under 16 from creating accounts. The regulations apply to platforms with at least eight million users in Malaysia, including Facebook, Instagram, TikTok and YouTube.

Cambodia ranked world's top country for natural environment in 2026

Cambodia ranked world's top country for natural environment in 2026

Cambodia currently manages 73 protected natural areas covering more than seven million hectares, equivalent to about 41% of the country’s total land area. These protected areas play a vital role in forest conservation, wildlife habitat protection and biodiversity preservation through stricter law enforcement and conservation measures.

ASEAN chief spotlights Vietnam’s role in shaping bloc’s future

ASEAN chief spotlights Vietnam’s role in shaping bloc’s future

Vietnam is expected to maintain active contributions across ASEAN’s three pillars - the political-security community, the economic community, and the socio-cultural community; while further enhancing regional connectivity through infrastructure projects and stronger economic linkages.

Vietnam supports UNESCO's people-centred approach, multilateral cooperation: official

Vietnam supports UNESCO's people-centred approach, multilateral cooperation: official

Van affirmed Vietnam’s support for the UNESCO80 reform roadmap, focusing on the organisation’s core mandate, priority areas, interdisciplinary approach, and the special status of the Vietnam National Commission for UNESCO, and UNESCO representative offices, alongside efforts to diversify resources and strengthen global partnerships to enhance the organisation’s effectiveness.