Markets Right Now: Asian shares tumble as Trump gains

HONG KONG (AP)

The latest on developments in financial markets (All times local):

12:00 p.m.

Investors are unloading shares as prospects for a Trump presidency appear to be rising. Dow futures have tumbled 3.5 percent or 643.00 points to 17,647.00 and S&P 500 futures are down 4.1 percent or 86.50 points at 2,049.00.

Shares are tumbling across Asia, with the Nikkei 225 index in Tokyo down 4.4 percent at 16,410.55. India's Sensex has sunk 5.4 percent to 26,164.36.

The dollar has plunged against the yen, dropping to 101.99 yen from 105.46 yen earlier in the session.

The Mexican peso, seen as a proxy for Trump's chances of winning, has fallen 10.7 percent to 20.32 pesos to the dollar.