Financial markets showing huge losses as prospects for Trump presidency rise

In this July 6, 2015 photo, American flags fly at the New York Stock Exchange on Wall Street. (AP Photo/Mark Lennihan)
In this July 6, 2015 photo, American flags fly at the New York Stock Exchange on Wall Street. (AP Photo/Mark Lennihan)

NEW YORK (AP) — Investors are unloading shares as prospects for a Trump presidency appear to be rising.

Dow futures have tumbled 3.7 percent or 691.00 points to 17,549.00, losses that had reached nearly 750 points earlier in the evening. S&P 500 futures are down 4.1 percent or 86.50 points at 2,049.00.

Shares are tumbling across Asia, with the Nikkei 225 index in Tokyo down 4.4 percent at 16,410.55. India’s Sensex has sunk 5.4 percent to 26,164.36.

The dollar has plunged against the yen, dropping to 101.99 yen from 105.46 yen earlier in the session.

The Mexican peso, seen as a proxy for Trump’s chances of winning, has fallen 10.7 percent to 20.32 pesos to the dollar.

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