November 4th, 2008
11:46 PM ET
6 years ago

World markets cheer Obama

 Tokyo Stock Exchange.
Tokyo Stock Exchange.

NEW YORK (CNNMoney.com) - Global stocks traded higher and U.S. futures rose on Tuesday as Democratic presidential candidate Barack Obama was named the projected winner.

The Nikkei, the major index for the Tokyo Stock Exchange, rose 2.8 percent in early trading. The Hang Seng index in Hong Kong surged almost 6 percent at its open. The Australian All Ordinaries index was up nearly 2 percent.

Watch: A turning point in history

Americans turned out in record numbers to cast their votes for Democrat Barack Obama and Republican John McCain. At 11 p.m., CNN projected Obama as the winner over McCain in the electoral college.

Obama's substantial lead was providing optimism for global markets.

"From the world perspective, Obama is perceived as a better candidate and I think they are voting with their dollars," said Jack Ablin, chief investment officer at Harris Private Bank in Chicago.

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Filed under: Candidate Barack Obama
soundoff (86 Responses)
  1. Bob Indianapolis, IN

    HELLO WORLD! AMERICA IS BACK!

    NO MORE COWBOY "DIPLOMACY"!!!!

    November 4, 2008 11:47 pm at 11:47 pm |
  2. The A

    Congratulations to President Obama. Yes we can!!!

    November 4, 2008 11:48 pm at 11:48 pm |
  3. Chris

    Geeze CNN, can you at least be professional. I hear the interference of your commentators cell phones constantly pinging the cell towers on the broadcast. Can you be more unprofessional? Make them turn off their phones.

    November 4, 2008 11:48 pm at 11:48 pm |
  4. Hopeful

    A new time begins in the US. God bless America and President Obama!!

    November 4, 2008 11:49 pm at 11:49 pm |
  5. Obama Supporter

    He's already proving to be a positive leader!

    November 4, 2008 11:49 pm at 11:49 pm |
  6. Chris

    Congratulations to President elect, Barack Obama. He has come a long way and has broken that barrier that any thing is possible.

    November 4, 2008 11:50 pm at 11:50 pm |
  7. Chuck, Tennessee

    I guess they really haven't paid much attention to the policies Obama is proposing. Policies that will further weaken the US, and thus the world, economy. They just like him better

    November 4, 2008 11:50 pm at 11:50 pm |
  8. Peter (CA)

    Interesting!
    You mean all those right wingers foaming at the mouth on these blogs may not be right? That the world believes Obama may be able to turn this around?

    Let's hope the right wingers join in.

    November 4, 2008 11:50 pm at 11:50 pm |
  9. Democrat in TN

    This is the change we have been waiting for. Words cannot begin to express my excitement right now...8 years of this awful mess. Now its our turn!!!!!

    November 4, 2008 11:51 pm at 11:51 pm |
  10. jbaby

    Look at that, making money already, "WITHOUT TAX INCREASES"!

    November 4, 2008 11:52 pm at 11:52 pm |
  11. Jeff from Jersey

    That's because the stock of our country has raised itself out of the gutter and,for the very first time,we have the real possibility of "putting our money where our mouth is" and live up to our talk of equal and human rights!
    Good ole boys you'd better get the message that the rest of the country just sent you as well!

    November 4, 2008 11:52 pm at 11:52 pm |
  12. S. Boatman

    Things Are Looking Better Already!

    November 4, 2008 11:53 pm at 11:53 pm |
  13. Turner, GA

    The race is over. Barack is our president. God Bless America...

    November 4, 2008 11:53 pm at 11:53 pm |
  14. Barbara in NC

    NO MORE SARAH THE LIAR

    Obama is what the whole world wants and needs – unity, not division. Love, not hate.

    NO MORE LIARS

    November 4, 2008 11:53 pm at 11:53 pm |
  15. Shiranee Sinnathamby, Melbourne, Australia

    Congratulations! What a magnificient win. May you go from strength to strength President Obama.

    November 4, 2008 11:54 pm at 11:54 pm |
  16. E Harris

    I think it is now appropriate for Neal Boark to issue a formal apology for his comments about President Obama going to Hawaii to change is birth certificate and further more get off the air and stop spreading division and hate or face the fact this is a diverse nation built by the sweat of all its citizentry and we have all spoken.

    November 4, 2008 11:54 pm at 11:54 pm |
  17. arthur

    Today the people of these United States cast the second most important vote in our history. The first was July 2, 1776 when the Continental Congress ratified a decleration that proclaimed to the world "We hold these truths to be self evident."

    November 4, 2008 11:54 pm at 11:54 pm |
  18. Anon X

    OBAMA! MY PRESIDENT!

    November 4, 2008 11:54 pm at 11:54 pm |
  19. Barbara in NC

    The Ice Empress has her clothes reposessed.

    I love President Barack Hussein Obama.

    Google Hussein – it's not a nasty word. You'll be surprised.

    God has shone on this country and the world.

    November 4, 2008 11:55 pm at 11:55 pm |
  20. Jeff from Jersey

    That's because the world has seen that our country has raised itself out of the gutter and for the very first time,we can "put our money where our mouth is" when it comes to equal and human rights".

    That message has been sent loud and clear to the "good 'ole boys" as well.Shape up or ship out!

    November 4, 2008 11:55 pm at 11:55 pm |
  21. President Barack Obama

    YEEEEEEAAAAAAAAAHHHHHHHHHHHH!!!!!!!!!!!!!!!!!

    President Obama & Vice President Biden!!!!!

    YEEEEEEAAAAAAAAAHHHHHHHHHHHH!!!!!!!!!!!!!!!!!

    November 4, 2008 11:56 pm at 11:56 pm |
  22. Eric

    I would certainly hope that the markets were purposely being dumbed down for a presidential election.

    I concede that I did not vote for Obama, but I definetely did not like Palin as a VP. I still to this day think that Mitt Romney would have been a better Pres. Candidate or at the very least VP. His business expertise is what the economy really needs.

    All of this being said, if we are still in poor shape in 4 years, Democrats will have to blame themselves. You have 100% control of this country now, anything less than a great overall will be deemed failure.

    November 4, 2008 11:56 pm at 11:56 pm |
  23. Eric

    "were not" not "were" sorry

    November 4, 2008 11:57 pm at 11:57 pm |
  24. From TX

    I knew the minute he was elected you would start reporting the economy is turning. The economy has been recovering for two weeks.

    November 5, 2008 12:02 am at 12:02 am |
  25. The Mack's of Lithonia

    Congratulations!! To God Be The Glory!
    November 4, 2008

    November 5, 2008 12:04 am at 12:04 am |
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