Major banks brace for market turmoil after US election

‘Global banks have started preparing for potential tumult on financial markets in the wake of the US presidential election vote. Analysts are warning of possible stock market volatility after results begin to come in on Tuesday night.
Morgan Stanley told staff to consider using stop-loss orders, an automated trading mechanism designed to limit an investor’s loss on a security position. It also asked advisers in its wealth management unit to prepare for election-related conversations with clients.
Sources told Reuters that HSBC will bolster staff numbers on trading floors in major hubs including London and Hong Kong to deal with client requests.’
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