Donald Trump won the US presidential election on 8 November 2016. The Nikkei Stock Average closed at ¥17,171.38 that day, then fell sharply on the 9th before rebounding sharply on the 10th. The inaugural address was broadcast in Times Square, drawing increased interest.
On 8 November 2016, Republican Donald Trump won the US presidential election. Markets were surprised by the result, which differed from forecasts immediately beforehand, and the impact spread across global financial markets. The Nikkei Stock Average closed that day at ¥17,171.38.
Attention turned to market movements on the following day. On the 9th, the Tokyo market fell across the board, with the Nikkei Stock Average plunging ¥919.84 from the previous day. Market sentiment became increasingly unsettled as a result.
However, on the following day, the 10th, the Nikkei Stock Average rebounded sharply, rising ¥1,092.88. This was reportedly because expectations spread that policies advocated by Trump, including corporate tax cuts, would strengthen companies' competitiveness.
Footage of Times Square, the setting for the inaugural address, was shown, and reports described many people stopping to watch it there.