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As Trump's position grew ever stronger Tuesday night, the markets dove, with S&P 500 futures down by about 5 percent during their worst moments.

Gold futures and sovereign bonds have soared as investors flock to safe haven assets. Trump has said that he would build a wall along the U.S. -Mexico border and alter longstanding trade agreements between the two countries.

But the lack of clear policy details has left many worldwide uneasy over the future direction of the US economy.

Donald Trump's first speech as the US President triggered optimism across the markets, given that Trump delivered a fairly balanced discourse, compared to the very sharp tone he had displayed during his election campaign.

As of 1:00 a.m. EST (0600 GMT), Trump had taken 244 electoral votes to Hillary Clinton's 215.

An image of President-elect Donald Trump appears on a television screen on the floor of the New York Stock Exchange today. The central bank had hinted it was ready to move following signs of economic resilience, but that could be threatened amid the uncertainty surrounding Trump's surprising win.

"Markets are reacting as though the four horsemen of the apocalypse just rode out of Trump Tower", said Sean Callow, a forex strategist at Westpac in Sydney.

Finally, Trump's stated policies towards longstanding U.S. military alliances, and his view that more countries should have nuclear weapons, risks adding to geo-political uncertainty.

Earlier Wednesday, the Dow Jones industrial average was down about 638 points, or 3.4%, in futures trading, leading to fears that if the Dow's losses stuck when regular trading resumes today, the point loss could top the 610-point Brexit drop back on June 24. Copper futures rallied 1.66%; iron ore spiked 3.65%, while zinc gained 0.40%.

By the time Trump was confirmed the victor and made his speech, financial markets had steadied. Some analysts are ruling it out entirely.

United States stocks have had a dramatic rebound from election losses as investors snapped up stocks that could benefit from Trump's policies.

The dollar staged a recovery after coming under pressure following Trump's victory.

Trump's strong talk on trade also has left many in Asia deeply anxious. He said a Trump victory could stifle spending during the critical year-end and Christmas shopping season.

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"I pledge to every citizen of our land that I will be president for all of Americans, and this is so important to me", Trump told the crowd.

Donald Trump will become the 45th President of the United States.

Bill Wood, a certified financial planner and a partner at The Advisory Group in Centerville, attributed the market volatility to uncertainty surrounding Trump, who has promised to shake up the status quo, while Democrat nominee Hillary Clinton was viewed as a continuation of current government and administrative policies.

After Japan's Nikkei - which yesterday was on a decidedly downward trajectory - finished 6.7 per cent higher, European markets followed suit this morning.

"We will get through this but the adjustment process will take longer", says Joy.

In other Asian trading, South Korea's Kospi advanced 2.3 percent to 2,002.60 and Hong Kong's Hang Seng added 1.9 percent to 22,839.11. The S&P 500 was 1.11% higher at 2,163.26 and the Nasdaq was also up by 1.11% at 5,251.07.

On Thursday, the Mexican peso recouped some losses after plunging against the dollar Wednesday. In currency markets, the dollar rose to 104.56 yen from 105.05 yen, while the euro weakened to $1.0961 from $1.1016.

The US dollar also rose throughout the day and continued to make gains in Asia early on Thursday.

PG&E rose 1.5 percent and Frontier Communications rose 1 percent.

Energy markets were also roiled.

The more cautiously positive mood that emerged on USA and European markets came too late for stocks in Asia, which fell sharply as Trump's overnight victory took shape during the Asian trading day.

Another point of interest will center on the U.S.'s trade relations with China and its impact across Asia.

In oil markets, Brent crude prices see-sawed throughout the session, before dropping 0.6% to 45.76 USA dollars a barrel.