Investors flocked to U.S. dollars, bitcoin, and equities as Donald Trump claimed victory in the presidential election, alongside a Republican gain in at least one chamber of Congress. Stock futures surged to record highs, the dollar strengthened, and Treasury yields spiked, while bitcoin hit a milestone, topping $75,000. Investors were betting on a “comfortable Trump victory in the electoral college” and a Republican-controlled Congress, which many believe could shape major tax and trade reforms. This historic election outcome holds implications for U.S. fiscal policy and international assets, marking a shift in market sentiment across industries tied to U.S. economic health.

As results rolled in, Trump’s success in key swing states like North Carolina and Georgia set a bullish tone for assets anticipated to benefit from his policies, including tech, energy, and financial stocks. In anticipation of tax cuts and deregulation, U.S. Treasury bonds slid, while Tokyo and Australian banking stocks saw gains amid higher yield expectations. The Mexican peso fell to a two-year low, and European bond yields reacted to the economic uncertainty, with Germany experiencing its largest one-day drop in yields since January. In Asia, tariffs impacted Hong Kong exporters, pulling the Hang Seng down nearly 3% as regional investors adjusted to new trade risks.