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Trump-win fuels Asian stock markets crash

Asian stock markets, that began tumbling with the hint of Trump win, have started solidifying the gains with the news that Donald Trump has won the US presidential race.

According to foreign news agency the markets that opened on a positive note this morning have started shedding not only the gains but are now in a tumble.

For instance, Japan Nikkei 225 index dropped 2.4 percent to 16,777.85 as the U.S. dollar sank against the Japanese ye.

In Hong Kong, Hang Seng plunged 22,514.70 or 1.7 percent.

In South Korea Kospi index fell 1.4 percent to 1,976.49 while in Australia S&P ASX/200 lost 1.2 percent to 5,196.70.

In currency trading, the U.S. dollar was trading at 102.60 yen down from a high earlier in the session of 105.46. The euro was at $1.1142, up from its previous close of $1.1020.