US stock markets reel and then rally after Donald Trump election victory

Turbulence in financial markets calmed after a knee-jerk selloff in stocks and rally in safe-haven assets as investors reassessed the effects of Donald Trump’s surprise victory in the American presidential election.

The S&P 500 Index fluctuated as losses in consumer and technology companies offset a rally in health-care and bank shares.

Mexico’s peso slid on prospects the integration with the US will unravel, while gold and the yen rose on haven demand. Copper soared on the outlook for more infrastructure projects.