Jakarta, CNN Indonesia –
The majority of indices are on the stock exchange Europe fell in early trading today, Wednesday (4/11), due to pressure from Donald Trump’s plan to reject the results of the US presidential election vote count. The stock market indexes of England, Milan, and Madrid are all falling.
Launch AFPLondon’s FTSE 100 index corrected 0.5 percent to 5,757 on the day. The decline in stocks coincided with the drop in the British pound against the US dollar by about minus 1 percent.
The same condition also occurred in the Frankfurt DAX 30, which fell 1.7 percent to 11,878. The Paris CAC 40 index, meanwhile, fell 1 percent to 4,760.
Likewise, the stock index in Milan contracted 1.5 percent and Madrid plunged about 2 percent. This condition is in line with the weakening of the European euro by about 0.5 percent against the US dollar.
Chief Market Analyst at Avatrade Naeem Aslam said that the collapse of stock indices on European stock exchanges occurred because Trump planned to reject the vote count results in the US Presidential Election which he considered fraudulent. In fact, he wants to challenge the results of the presidential election to the legal channels at the Constitutional Court (MK).
“The US election has become chaotic. We are seeing a nightmare situation come true because now we are talking about a legal battle. This uncertainty will make traders nervous,” said Aslam.
On the other hand, the stock index also weakened in Hong Kong. The downturn also responded to the US Presidential Election and the Chinese government’s decision to suspend the Initial Public Offering (IPO) of Ant Group, the technology giant of the Bamboo Curtain country.
This also knocked Alibaba’s stake by about 10 percent. Because, the two companies are in the same group owned by Jack Ma.
Different conditions exist in the Chinese stock index. The Shanghai Composite Index actually grew 0.19 percent to 3,277 levels.
Meanwhile the Shenzhen Composite index rose 0.31 percent to the level of 2,262. However, the US dollar strengthened when Trump planned to reject the results of the US Presidential Election.
(uli / sfr)
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