From Australian interest rates to Turkish equities.

Trump's Victory Is Being Felt in the Most Far-Flung of Markets

EghtesadOnline: Donald Trump's election victory is unleashing shockwaves throughout financial markets as investors scramble to gauge the impact of the White House campaign that defied the odds.

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09 November 2016

While markets foresaw aggressive selling of emerging-market currencies and a spike in volatility across asset classes in the event of an unexpected Trump victory, few predicted it would help investors in a media and property company in Turkey, or a Chinese auto-parts manufacturer whose name sounds an awful lot like that of the conceding Democratic nominee, according to Bloomberg.

Here are some of today's most exotic market reactions from around the world.

Australian interest rates

The market-implied odds of an interest rate cut in Australia by mid-2017 have soared to 60 percent, rising from 30 percent before the results flooded in, amid expectations that weaker investment and trade flows from its Asian partners will crimp economic output. "A Trump presidency would increase the risk the [Reserve Bank of Australia] may move back to an easing bias," wrote Citigroup Inc. analysts led by Paul Brennan.

A pair of Chinese stocks

Shares of software and heavy equipment providerWisesoft Co. Ltd. moved more than 6 percent higher on Wednesday morning. The local name of the company sounds like "Trump Wins Big" to Chinese speakers. It's fitting that as a man who accumulated wealth through licensing deals en route to the presidency is now helping others profit off the association with his own. Meanwhile, at Yunnan Xiyi Industrial Co. Ltd., an auto-parts manufacturer whose name sounds like "Aunt Hillary," shares tumbled by 10 percent.

A Turkish conglomerate

Dogan spent much of the year trying to get Trump's name scrubbed off the facade of the skyscraper it owns in Istanbul's central business district. Today, the partnership they forged in 2008 isn't looking so rash. As Trump's victory came into view, shares of Dogan Holding climb as high as 12 percent when trading opened in Istanbul, and led gains on the Turkish stock market.

Renewable energy

In Europe, the world's biggest manufacturer of wind turbines, Copenhagen-basedVestas Wind Systems A/S, was battered by Trump's victory, opening down almost 14 percent.

The President-elect has often tweeted about his disdain for wind farms.

Cybercurrency

The market moves have transcended borders, even entering the virtual realm. The cryptocurrency Bitcoin also ramped higher along with Trump's odds of winning, rising more than 4 percent into the midnight hour.