Trump has worst 100-day returns for US stocks, dollar in 50 years; Hong Kong gets boost

US President Donald Trump delivered the worst returns in half a century for American stocks and the dollar during the first 100 days of his second White House term.

But he may end up making Hong Kong great again as a financial hub, amid renewed interest in Chinese stocks listed in the city.

The Dow Jones Industrial Average fell 6.8 per cent in the first 100 days of Trump’s second term, which started on January 20, while the broader S&P 500 Index declined by 7.3 per cent.

The US dollar weakened 8.9 per cent against the yen and deteriorated by almost 10 per cent against the Swiss franc during the period, according to the Post’s calculation of historical market data.

Trump’s record was the worst start to a presidency since Gerald Ford’s first 100 days when he took over in August 1974 during the depths of the Watergate scandal, after Richard Nixon resigned from office halfway into his second term.

The Dow plunged 17.5 per cent and the S&P500 fell 11.8 per cent during Ford’s initial days.

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