As Donald Trump made a stunning advance toward the White House, investors around the world reacted with shock.
Global stock markets sank, the Mexican currency tanked, and U.S. stock futures plunged. Dow futures have plummeted more than 800 points, or 4.4%. That puts the U.S. market on track for its biggest percentage decline since August 2011 when they plunged 5.5% after the U.S. credit rating was downgraded.
Stock indexes across Asia were also deep in the red. Japan's Nikkei plummeted 5.5% and the Hang Seng in Hong Kong dropped around 3%.
Markets hate uncertainty -- and many investors believe Trump's unpredictable nature and anti-trade stance could bring lots of global turmoil if he wins the presidency.
"Shock and awe would aptly describe movements of global markets right now," said Matt Simpson, a senior markets analyst at ThinkMarkets.
Stock futures really began tumbling after 9 p.m. ET as it became clear that Hillary Clinton's chances of winning crucial states such as Florida, North Carolina and Ohio was in serious doubt. She would later lose all three to Trump.
"It is looking like another Brexit-type surprise," said Ryan Detrick, senior market strategist at LPL Financial. "The fear of uncertainty is taking fold, as the potential for a Trump victory has many taking a sell first and ask questions later approach."
By comparison, the Dow fell 610 points, or 3.4% on June 24 after the shocking Brexit vote to leave the European Union.
Clinton won the popular vote?
Looks like Clinton will win the popular vote despite losing in electoral college (Los Angeles Times link): Votes are still being counted across the country, but it appears Democratic nominee Hillary Clinton could win the popular vote, while President-elect Trump wins the electoral college and thus the White House.
At 5 a.m. on the West Coast, the Associated Press showed Clinton with 59.16 million votes nationally, compared to Trump's 59 million votes.
If that holds true as the remaining precincts report their ballots, it would mimic the 2000 results, where Democrat Al Gore narrowly won the popular vote, but George W. Bush won the White House.
Mod: I guess what this means is that Donald Trump will have been elected by an antiquated institution known as the Electoral College, and not the American people.