Rolling coverage of the latest economic and financial news, as Asia-Pacific markets slide after Wall Street rout
Donald Trump has blamed the Democratic party for the market selloff.
Posting on his Truth Social site, the president wrote:
The Stock Market suffered one of the Worst Days in History based on the results of the Election. Such a sad thing to watch! It took so much work to get us to a level that no one has ever seen before, and then this. Your 401(k)s have, therefore, dropped. Remember, it wasn’t Republicans, it was Dumocrats. Do not fear, however, we will soon, one way or the other, be BIGGER AND STRONGER THAN EVER BEFORE. MAKE AMERICA GREAT AGAIN! President DONALD J. TRUMP
The Stock Market crashed today because the Dumocrats had a big Tuesday — So sad to see, you only have yourselves to blame! President DONALD J. TRUMP
The market value drop on the S&P Composite 1500 index, a broad basket of America’s publicly traded companies, was the biggest since the turn of the millennium, according to FT calculations based on FactSet data
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