SYDNEY — The US dollar sank and stock markets slammed into reverse in wild Asian trade on Wednesday as every new exit poll in the US presidential election showed the race to be a nail-biter, sending investors stampeding to safe-haven assets. Sovereign bonds and gold shot higher while the Mexican peso went into near free-fall as investors faced the real possibility of a shock win by Republican Donald Trump. As of 3.07am GMT, Trump had 139 Electoral College votes to Democrat Hillary Clinton’s 109. It takes 270 to win. Markets fear a Trump victory could cause such economic and global uncertainty to prevent the Federal Reserve from raising interest rates in December, as long expected. The scale of the scare was clear in the Mexican peso, where the dollar surged over 7% in the biggest daily move since the global financial crisis. The peso has become a touchstone for sentiment on the election as Trump’s trade policies are seen as damaging to its export-heavy economy. But the story was ver...
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