November 7, 2024 - After Donald Trump was declared the 47th President of the United States, stock markets across the globe saw different kinds of volatility. While markets in Japan, Europe and India saw a surge, those in China and Hong Kong witnessed a sharp decline. The Indian stock market closed trade yesterday with a significant gain, with the Sensex rising by 901 points and the Nifty increasing by 273 points. Hong Kong's Hang Seng Index dropped by 2.23% while China's Shanghai Composite ended 0.1% lower. Japan's Nikkei surged by 2.61% and Singapore's Straits Times Index rose by 0.60%.

In Europe, London's FTSE Index increased by 0.25%.

Meanwhile, in the US, the Dow Jones rose by 1.02%, the Nasdaq gained 1.43%, and the S&P 500 Index was up by 1.23%. Shares of Tesla and Trump Media saw a 43% rise. Tesla's shares on the Nasdaq rose by 13.20%, reaching $284.62 (around Rs 23,993). Similarly, shares of Trump Media and Technology saw an increase of up to 43%.

Source: Media Reports