World markets trend negative after Trump replaced secretary of state

World markets on Wednesday reacted to Donald Trump’s tweet, removing Rex Tillerson as the Secretary of State and appointing CIA Director, Mike Pompeo in his place.

World markets largely remained in red with Dow Jones falling 370 points. The worst performing on Dow was Microsoft which fell by 2.4%, while Qualcomm on S&P 500 fell by 5%.

All European markets also stood in red except Russian index.  Asia markets too were showing a negative opening with Shanghai falling over 0.3% and SGX Nifty falling from closing highs.