Local shares plummeted as much as 3.9% today as Donald Trump took the lead in the 2016 U.S. Presidential Election. Although they did manage to recover some of their losses late in the session, investors are still left nursing their battered portfolios.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 1.9% to 5156 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 1.9% to 5238 points
- AUD/USD at US 76.35 cents
- Iron Ore at US$68.30 a tonne, according to the Metal Bulletin
- Gold at US$1,318.23 an ounce
- Brent oil at US$44.69 a barrel
Gold shares skyrocketed in value today, making it one of the only bright spots on the market. EVOLUTION FPO (ASX: EVN) and Newcrest Mining Limited (ASX: NCM) rose 11.4% and 9.8%, while Northern Star Resources Ltd (ASX: NST) was up 10.5%.
Elsewhere, it was a sea of red. BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) fell 3.2% and 1.9%, while Telstra Corporation Ltd (ASX: TLS) fell 1.2%.
The banks plummeted too. Australia and New Zealand Banking Group (ASX: ANZ) declined 2.1% while National Australia Bank Ltd. (ASX: NAB), Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC) all fell between 1.6% and 2%.
Meanwhile, retail giants Woolworths Limited (ASX: WOW) and Wesfarmers Ltd (ASX: WES) lost 1.4% and 1.7%.
Santos Ltd (ASX: STO) and Aconex Ltd (ASX: ACX) were among the worst performers for the day, shedding 7.5% and 4.7%.
Here are Wednesday's top stories:
- Live: ASX tumbles as Trump eyes White House Hotel
- S. Election: ASX 200 plunges as Trump takes lead
- Whatever you do, don't sell out now
- 7 small cap bargains I'd buy right now with $7,000
- 3 explosive tech shares that could see you retire rich
- 7 ASX shares getting Trumpled today
- The Medibank Private Ltd share price is sinking on its 'challenging' environment
