U.S., International Markets Plummet As Election Results Roll In

U.S. and international markets plunged Tuesday night into early Wednesday morning, and Mexican currency tanked as election results showed Donald Trump more likely than not to win the presidency.

Dow futures fell more than 800 points, and S&P futures fell more than 5 percent. And the damage wasn't just limited to America.

Japan's Nikkei fell 5.5 percent, and the Hang Seng in Hong Kong dropped about 3 percent. The Mexican peso fell more than 11 percent as Trump's victory began to appear imminent.

"Right now, the markets are heading for the hills, but we'll see," Robert Tipp, chief investment strategist, global bonds and foreign exchange at Prudential Fixed Income told CNBC. "That's a function of fear as much as fact."

"The Mexican economy is most tied to Donald Trump's criticism of global trade. It really is ground zero of this discussion economically," Nicholas Colas, chief market strategist at brokerage firm ConvergEx, told CNN. "Regardless of how things shake out in an hour or two, this is a surprise -- a big surprise."

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