'Trump trade' surges as he claims victory

Republican presidential nominee and former U.S. President Donald Trump takes the stage with his wife Melania, his son Eric, and his daughter-in-law Lara, following early results from the 2024 U.S. presidential election in Palm Beach County Convention Center, in West Palm Beach, Florida, U.S., November 6, 2024. REUTERS/Brendan McDermid

NEW YORK/SEOUL: Investors bought dollars, bitcoin and stocks, and sold bonds as Donald Trump claimed victory in the U.S. presidential election and Republicans took control of at least one chamber of Congress.

U.S. stock futures hit record highs, the dollar surged and Treasury yields jumped, while bitcoin broke $75,000 for the first time - all moves flagged by investors as likely should Trump win over Democrat Kamala Harris.