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China's markets drop as Trump presidency looms [Yahoo! Finance Canada]
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am
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US:NASDAQ Investor Relations: ir.jd.com
HONG KONG/SHANGHAI (Reuters) - China's yuan and stock markets fell sharply on Wednesday as the prospect of another Donald Trump presidency and Republican control of U.S. Congress risked heightened tensions over trade and technology. By the time Chinese markets closed, Trump had claimed victory over Democrat Kamala Harris in the tight U.S. presidential race. U.S. stock futures jumped and the dollar rose across the board after Republicans won a clear U.S. Senate majority although it won't be clear for some time which party will win control of the House of Representatives. China's blue-chip CSI300 Index fell 0.5%, while Hong Kong's benchmark Hang Seng, which is more indicative of foreign investor sentiment, fell 2.3%. The Hang Seng China Enterprises Index fell 2.6%. Hong Kong-listed China tech stocks declined broadly, with e-commerce giant JD.com and Alibaba down 4% each. The U.S. presidential election will have a meaningful impact on China's economy and capital markets. As
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