Billionaire investor George Soros has reportedly lost $1bn from bearish investments in the aftermath of Donald Trump's US election victory.
Predicting a downturn in markets due to the increased volatility a Trump victory would bring, Soros held cautious positions prior to the election and took an even more bearish outlook afterwards, according to the Wall Street Journal. Soros: Brexit could be more disruptive for sterling than 1992 Black Wednesday Since the election however, US stockmarkets have rallied, with the Dow Jones rising to record highs and almost breaking the 20,000 barrier, closing yesterday at 19,891 points. US stock futures tanked in the aftermath of the election for around five hours, but the S&P 500 has...
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