NEW YORK -- Republican candidate Donald Trump won
the key states of Florida, Ohio and North Carolina in the 2016 U.S.
presidential election, gaining significant electoral votes that could
lead him to the White House. On that prospect, share prices tumbled
across Asia.
To win the presidency, a candidate must secure 270 electoral votes, which are apportioned state by state based on population. By taking those states -- where Democratic contender Hillary Clinton had campaigned relentlessly -- the New York billionaire gained a major and unexpected boost. He also claimed a solid victory in Georgia.
As
of 11:00 p.m. Eastern Time, Trump has a slight edge in several other
battleground states but the outcome was still a toss-up in pivotal
states such as Pennsylvania and Michigan.
Florida,
Ohio and North Carolina are increasingly demographically diverse states
and home to Asians Americans. The number of Asian-American adults, for
example, increased 20% between 2010 and 2014 in Florida, 14% in Ohio and
22% in North Carolina, among the fastest in the U.S.
African Americans and Latino population has shown rapid in those states as well. But studies show that voting by minority groups is generally lower than the white population.
Trump appealed to many white working-class voters who believed their economic standing was being eroded by immigration. Trump has promised to build a wall on the border with Mexico and has repeatedly used anti-immigrant rhetoric during the presidential election campaign.
The prospect of a Trump victory caused share prices to plunge across Asia Wednesday morning, with the Nikkei Stock Average slipping about 900 yen, or 5 percent. The yen surged over 3 yen to the dollar.
To win the presidency, a candidate must secure 270 electoral votes, which are apportioned state by state based on population. By taking those states -- where Democratic contender Hillary Clinton had campaigned relentlessly -- the New York billionaire gained a major and unexpected boost. He also claimed a solid victory in Georgia.
African Americans and Latino population has shown rapid in those states as well. But studies show that voting by minority groups is generally lower than the white population.
Trump appealed to many white working-class voters who believed their economic standing was being eroded by immigration. Trump has promised to build a wall on the border with Mexico and has repeatedly used anti-immigrant rhetoric during the presidential election campaign.
The prospect of a Trump victory caused share prices to plunge across Asia Wednesday morning, with the Nikkei Stock Average slipping about 900 yen, or 5 percent. The yen surged over 3 yen to the dollar.
