November 4th, 2008
11:46 PM ET
5 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. Nina in Orlando

    Are the haters still awake? Go away.

    PRESIDENT OBAMA 08!

    November 5, 2008 12:55 am at 12:55 am |
  2. Yah, right...

    ...and ebonics will now be our main language.

    November 5, 2008 12:58 am at 12:58 am |
  3. Darrell

    This is the beginning of a dark new future for America, no puns intended. Senator Obama lacks the experience needed to be the leader of our great nation, as well as having some questionable people close to him early in his campaign. Were those ties severed for personal reasons or for the race for the Presidency? We may never know. As things now stand, get ready to kiss your God given rights goodbye, starting with the second amendment. Obama's Senate voting record shows a strong dislike for private firearm ownership. Always remember, a disarmed people are subjects to whatever the Gov't may impose. May God grant Mr. Obama the wisdom to make the right choices as our leader.

    November 5, 2008 12:59 am at 12:59 am |
  4. Uh huh

    Eric – I understand but it wouldn't have matter who ran – the news and the elitists and the kids were bound and determined to put this man in office and neither Romney nor anyone else was going to stop it – this race wasn't run on logic – it was run on race.......I mean history. Seriously. Logic had nothing to do with it – emotion did. But you're right – now we all get to pay for it. I frankly think the African Americans of this country will one day bemoan the fact that they allowed (or helped) such a poor example of their magnificent history to become President. Because if he fails, as he will almost surely do, (inexperience never lies) they will have a terrible time when a truly qualified (and they're out there now) African American makes the attempt. For now, God help us ALL!

    November 5, 2008 01:00 am at 1:00 am |
  5. felecia

    this is historic a night. i hope the republicans learn a lesson from this. it's time for sarah to go home.

    November 5, 2008 01:01 am at 1:01 am |
  6. some 1 votein 4 obama

    good job obama u did it congrads and see every 1 in my family was voteing for you we belived in you and we always will congradulations!!

    November 5, 2008 01:03 am at 1:03 am |
  7. Sumi, CA

    You need to keep Tuan off of the blog... Unity not division... Enough with white against black or minorities against whites. WE ALL are a part of this beautiful nation! More ingrediants in the pot, the better the outcome. This is a reflection of what today's America looks like!

    November 5, 2008 01:05 am at 1:05 am |
  8. Amazed

    GOD BLESS AMERICA!!! I have been waiting for this day..this moment for so long. I'm am so proudl! Tears stung my eyes as I watched Obama make his acceptance speech, and to see the love in their eyes as Michelle and Barack hugged..what a beautiful family. I'm so happy right now and above all....HOPEFUL!

    November 5, 2008 01:05 am at 1:05 am |
  9. Uh huh

    Right on No Hillary = No Obama. They're still a bit afraid of women, I believe. It's ok. Let 'em cheer, let 'em fall. Let Hillary pick 'em up and dust 'em off in 2012. All I really wonder is which foreign leader Biden's gonna piss off first!

    November 5, 2008 01:06 am at 1:06 am |
  10. Rob indetroit

    to all the haters Barack Obama is president and Michell is first Lady!.

    November 5, 2008 01:09 am at 1:09 am |
  11. Uh huh

    Nina – we're not haters, we're not racists, we're not terrorists, we're concerned citizens of the United States who don't believe your candidate has what it takes to lead this country out of the trouble we're in and indeed believe we may end up farther down with his presidency. It's ok. We're allowed to disagree with you. At least for now, you can't kick us off the plane or never speak to our news organization again but must deal with the fact that millions of us exist and we aren't going away. Believe me, I for one am praying for the one who made the kool-aid you so readily drank. Because I still want this country to be around in 4 years as I've become rather fond of it. So relax, we want your saviour to do well, we're just incredibly concerned, that's all. Love and peace.

    November 5, 2008 01:13 am at 1:13 am |
  12. Farrell, Houston, Tx

    TO ALL THOSE OBAMA NON SUPPORTERS, GET ON BOARD. THE WORLD HAS BEEN WAITING AND WATCHING FOR US TO MAKE A BETTER TRANSITITION OF LEADERSHIP IN THE WORLD. THOSE OF US WHO SUPPORTED OBAMA KNEW THAT THE WORLD MARKET WAS GOING TO CHANGE FOR THE BETTER. MAKE THE CHANGE, EMBRACE CHANGE AND ACCEPT CHANGE AND LET'S ALL MOVE FORWARD IN MAKING OUR COUNTRY AND OUR FAMILIES PROSPEROUS. IT'S NOT GOING TO HAPPEN WITHOUT ALL OF US, THAT MEANS YOU, ME AND EVERY AMERICAN. MONEY IS GREEN.

    November 5, 2008 01:14 am at 1:14 am |
  13. Laurie

    That is enough. Take your racist garbage to Fox or preferably choke on it. The better man won. We are a better country for it.

    November 5, 2008 01:15 am at 1:15 am |
  14. Rob indetroit

    president Obama is the man and Michell is the first Lady,deal with it.
    all haters go to sleep.

    November 5, 2008 01:16 am at 1:16 am |
  15. K.Sharma

    This is just the beginning. Under an Obama Admin. America is going to thrive and regain its prestigious rank in the world.

    Congratulations to President Obama and Vice President Biden!!

    November 5, 2008 01:17 am at 1:17 am |
  16. Uh huh

    JD – when you wake up in the morning and take your aspirin because your head is pounding and your mouth is all full of cotton and you can't keep any food in your stomach, I want you to read what you wrote – "Think you world we are the united ststes of america" – and ask yourself the following question – "Do I really want the world to see this message?". God Help Us!

    November 5, 2008 01:17 am at 1:17 am |
  17. Rainy

    Thanks to all Americans who gave not only the USA a great new leader but also gave the world a leader to look up to.

    Don't slam the door on your way out Bush. But thank god you are finally leaving.

    And the best part of it all.....no more Caribou Suzy.

    Thank you...thank you....

    November 5, 2008 01:20 am at 1:20 am |
  18. Darrell

    Two recent comments demonstrate the fundamental problem that plaques the repulican party (i.e., a comment by someone named Darrell and U huh). As stated by Former House Speaker Newt Gingrich, "It's essentially become a party that lacks ideas. In fact, ... Gingrich said Republicans need to worry less about what's good for the party and more about what's good for the country." President Elect Obama's brilliance lies in the fact that his ideas are transformational and that he's not afraid to consult with individuals whom hold different points of views. These traits will serve him well. Finally, it's absurd to suggest that he lacks experience (with a Harvard law degree and experience in the U.S. Senate and Illinois Senates), and only people who lack independent judgement would articulate these ridiculous and crude statements.

    November 5, 2008 01:21 am at 1:21 am |
  19. TekaBoo

    This is my first time voting and I am so happy that I could be apart of this election. I am a African American woman, Years ago this would not have been allowed. My generation has seen alot already, and at 18 I am prepared for the CHANGE that Obama is about to put forth, so that myself and my peers can see much more

    November 5, 2008 01:24 am at 1:24 am |
  20. Harry, IL

    President Obama, I do not believe that stock markets can go up because your economic agenda will hurt everybody. I challenge you.

    November 5, 2008 01:25 am at 1:25 am |
  21. Rick K

    What will all you angry people do if he turns out to be a good president?

    Will you even be happy for your own children's future?

    November 5, 2008 01:27 am at 1:27 am |
  22. Heike, Germany(greetings to all!)

    Congratulations America! Yours is democracy in action – a beacon to the whole world!

    God Bless Israel, God bless America!

    November 5, 2008 01:34 am at 1:34 am |
  23. Jim D. in Costa Mesa

    President Barak Obama.(man, that feels GOOD!!!) The smart money's on him!

    November 5, 2008 01:36 am at 1:36 am |
  24. Darrell & Janet Myles TEXAS

    WE Celebrate the country living up to it's creed, We were those little kids told we could be anything we wanted to be when we grew up. That hope and dream is finally realized in Mr. Obama, Help for us little people, We Hope and Pray it won't be marred by Hated and violence.......

    November 5, 2008 01:38 am at 1:38 am |
  25. republican

    I'm about as republican as you get but, enough with all the negativity. Stand behind our president....say YES WE CAN, believe it, live it , and this country's potential will be realized. As a whole the greatness of this country will shine!

    November 5, 2008 01:39 am at 1:39 am |
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