Prospect of Trump presidency unnerves companies, economists

Markets Associated Press

  • A broker reacts as new elected U.S. President Donald Trump shows up on a television screen at the stock market in Frankfurt, Germany, Wednesday, Nov. 9, 2016. (AP Photo/Michael Probst)

    A broker reacts as new elected U.S. President Donald Trump shows up on a television screen at the stock market in Frankfurt, Germany, Wednesday, Nov. 9, 2016. (AP Photo/Michael Probst) (The Associated Press)

  • FILE - In this Tuesday, Nov. 8, 2016, file photo, Republican presidential candidate Donald Trump pumps his fist as he arrives to speak at a campaign rally in Grand Rapids, Mich. President-elect Donald Trump inherits a much sturdier economy than the one Barack Obama took into his second term four years ago. Yet economic growth remains stubbornly sluggish and is expected to remain so. (AP Photo/Evan Vucci, File)

    FILE - In this Tuesday, Nov. 8, 2016, file photo, Republican presidential candidate Donald Trump pumps his fist as he arrives to speak at a campaign rally in Grand Rapids, Mich. President-elect Donald Trump inherits a much sturdier economy than the ... one Barack Obama took into his second term four years ago. Yet economic growth remains stubbornly sluggish and is expected to remain so. (AP Photo/Evan Vucci, File) (The Associated Press)

  • FILE - In this Wednesday Nov. 2, 2016, file photo, job seekers attend a New York Department of Citywide Administrative Services job fair, in New York. The next U.S. president will inherit a much sturdier economy than the one Barack Obama took into his second term four years ago. The job market, with steady hiring and just 4.9 percent unemployment, has proved durable, and pay is finally accelerating. (AP Photo/Bebeto Matthews, File)

    FILE - In this Wednesday Nov. 2, 2016, file photo, job seekers attend a New York Department of Citywide Administrative Services job fair, in New York. The next U.S. president will inherit a much sturdier economy than the one Barack Obama took into ... his second term four years ago. The job market, with steady hiring and just 4.9 percent unemployment, has proved durable, and pay is finally accelerating. (AP Photo/Bebeto Matthews, File) (The Associated Press)

The prospect of a Donald Trump presidency is unnerving businesspeople and economists who see him as a reckless novice who threatens to disrupt trade and the global economy.

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Financial markets sank Wednesday Trump steadily approached victory after a campaign marked by fiery anti-foreign rhetoric and promises to tear up trade deals, restrict immigration and lock up political rivals.

Trump's belligerent tone, shifting and radical positions on key issues and lack of detailed plans left many saying it was impossible to know what he might do in office.

Paul Ashford, chief U.S. economist for Capital Economics, asked in a report whether Trump would be "the demagogue from the campaign trail" or was able to become a "statesmanlike figure who leads in a more measured manner."