Wednesday, 9 November 2016

Nikkei drops more than 4%, gold rallies as US poll results eyed

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Asia markets fell in Wednesday's choppy session, as polling closed in some US states in the world's most closely watched election of recent times. Japan's Nikkei 225 shed 4.12 percent, after rising more than 1 percent, as the yen, regarded as a safe haven currency, climbed amid nervousness over the vote. Dollar/yen was trading at 101.56 as of 11:32 am HK/SIN, after climbing up to 105.46 earlier. 

 

Australia's ASX 200 was down 3.46 percent, slipping from gains of 0.8 percent at the open. The benchmark index's saw broad losses across all sub-indexes, except for gold which was up 10.4

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