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International Business Times
International Business Times
Business
AFP News

Equities Swing, Bitcoin Hits Record As Traders Weigh Trump 2.0

Investors are now trying to ascertain what a second Trump presidency will mean for markets (Credit: AFP)

Asian equities fluctuated Thursday, while the dollar held gains and bitcoin hit a fresh record as markets try to ascertain the consequences of a second Donald Trump presidency after he pledged to cut taxes and ramp up tariffs with an eye on China.

The so-called Trump Trade went into overdrive Wednesday as it emerged that the tycoon would return to the White House after beating Democrat Kamala Harris, while his Republican Party gained control of the Senate and looked set to hold onto the House of Representatives.

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