'Trump trade' surges as he claims victory

Quick Summary:

NEW YORK/SEOUL: Investors bought dollars, bitcoin and stocks, and sold bonds as Donald Trump claimed victory in the U.S.presidential election and Republicans took control of at least one chamber of Congress.

Shares of Trump Media and Technology Group surged 10% in extended trade.

Joe McCann, CEO of Asymmetric, a macro hedge fund that trades primarily in cryptocurrencies, said he has been tracking election news on several TV screens and monitoring market movements in his 50th floor Miami penthouse.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaChinaGeorgiaHong KongSingapore

Topics: US dollars /Business/Business News Bonds Election Donald Trump Bitcoin Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 16:24:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 766 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23444248

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 48 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 24 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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