Against the background of the election of Trump as President, US stock indexes rose to record highs, while China's - fell

After Trump was elected President and Republicans won the Senate and House of Representatives, US stock indexes rose to record highs, while they fell in Mexico, China and Europe on expectations of intensifying trade wars.

The S&P 500 index rose yesterday to a record 5,929 p (+3.6% since the beginning of the week), the Dow Jones Industrials index - to 43,730 p (+4.6%), and the Nasdaq 100 - to 18,983 p (+4.3%) .

The dollar rose to a 4-month high and the yield on the 10-year U.S. Treasury note hit the same level on expectations of higher inflation due to Trump's policy of tax cuts and tariff hikes.

Bitcoin surged 9% to a record high of $76,000/BTC as Trump vowed not to increase regulation and support digital currencies.

At the same time, in China, the CSI 300 index fell by 0.5%, Hong Kong's main Hang Seng index, which indicates the sentiment of foreign investors, fell by 2.3%, and the Hang Seng China Enterprises index fell by 2.6%, Reuters reports. .

Shares in Chinese technology companies also fell yesterday, with e-commerce giants JD.com and Alibaba down 4% each, while Tesla shares rose 14%. Against the background of promises to increase the duty on European cars, BMW shares fell by 7%, Mercedes - by 6%, Porsche - by 5%, VW - by 4%.

Recall that Trump promised his voters to introduce a 60% tariff on goods from Europe and China to support American production.

Commodity prices are also falling as a strong dollar and trade disputes could dampen demand from China and other importers.

Green energy stocks are also falling as Trump has promised to increase oil production and cancel programs to support renewable energy.

Investors believe that during the new term, Trump will pursue pro-inflationary policies, including imposing high tariffs on imports, which will accelerate the growth of consumer prices and force the Fed to step up its fight against inflation by raising interest rates.

That is, the rich will again increase their wealth, and the poor will become even poorer.