US Election Results highlights: We accept the choice the country made, says Joe Biden

US Election Results LIVE: Turkish President Recep Tayyip Erdogan has spoken by phone with US president-elect Donald Trump to discuss cooperation between the two countries, the presidency said on Thursday.

Erdogan "congratulated Trump on his election victory" and "expressed his desire to develop cooperation between Turkey and the United States in the period ahead", it said in a statement.

US Election Results LIVE: Asian equities mostly rose Thursday, while the dollar held gains and bitcoin hit a fresh record as markets try to ascertain the consequences of a second Donald Trump presidency after he pledged to cut taxes and ramp up tariffs with an eye on China.

The Trump Trade went into overdrive Wednesday as it emerged the tycoon would return to the White House after beating Democrat Kamala Harris, while his Republican Party gained control of the Senate and looked set to hold the House of Representatives.

US Election Results LIVE: Japanese Prime Minister Shigeru Ishiba said Thursday he had agreed with US president-elect Donald Trump in a phone call to strengthen the nations' alliance, after the tycoon's victory sent defence-related shares surging.

Trump's "America First" approach could mean less cash from Washington for security in the Asia-Pacific region, analysts say -- with investors betting on Japan upgrading its own military capacities.

Key allies Japan and the United States are each other's top foreign investors, and 54,000 US military personnel are stationed in Japan, mostly in Okinawa east of Taiwan.

Ishiba, who took office just over a month ago, said he and Trump hoped to organise a face-to-face meeting "as soon as possible", describing the president-elect as "very friendly".

US Election Results LIVE: South Korean shares rose on Thursday, following a surge in the S&P 500 as investors positioned for a second Donald Trump presidency.

The South Korean won strengthened, and the benchmark bond yield fell.

The KOSPI closed up 1.12 points (0.04%) at 2,564.63.

Among major index heavyweights, Samsung Electronics rose by 0.35%, and SK Hynix gained 0.82%.

Battery maker LG Energy Solution dropped 1.15%, after a 7% decline the previous day, marking its largest daily loss in a year.

Asia Pacific Satellite (211270.KQ), a satellite communications company, surged by 30% on the junior Kosdaq.

Analysts noted that Trump is viewed as less supportive of climate-friendly policies, including electric vehicle subsidies, compared to Kamala Harris.

US Election Results LIVE: During Donald Trump's first term as president, he and North Korean leader Kim Jong Un exchanged sharp insults and threats over North Korea’s weapons programs. Despite these tensions, they met three times, with Trump famously remarking that they "fell in love" after exchanging letters.

However, even with these summits, Trump was unable to convince Kim to abandon his nuclear ambitions. Efforts by the Biden administration also stalled, as North Korea ignored calls to engage in talks "anywhere, anytime without preconditions."

With Trump’s return to the White House, the relationship with North Korea is likely to be scrutinized again, especially as Pyongyang takes unprecedented actions to support Russia in the Ukraine conflict.

The following timeline highlights significant moments in the complex ties between Trump and Kim.

US Election Results LIVE: Taiwan may demonstrate it takes Donald Trump's "protection" money demand seriously with large and early new arms deals, showing it is not looking for a free ride and is determined to show Washington its resolve to spend to defend itself.

Trump, who won a second term as president this week, unnerved democratically governed Taiwan, which is claimed by China, by saying that Taiwan should pay the U.S. for its defence and that it had taken semiconductor business away from America.

"Watch for Taiwan on the defence side to try and start engaging them on a big arms package - to do something significant, very large," Rupert Hammond-Chambers, president of the U.S.-Taiwan Business Council which helps broker defence exchanges between Washington and Taipei, told Reuters, adding it could come in the first quarter of next year.

US Election Results LIVE: US President Joe Biden will make a painful address to the nation Thursday, vowing a peaceful transfer of power to Donald Trump after his political nemesis scored a crushing election win over Kamala Harris.

In what promises to be an agonizing moment for Biden, he will speak in the Rose Garden of the White House at 11am (1600 GMT) to "discuss the election results and the transition" to Trump's second term.

The 81-year-old dropped out of the race against Trump in July and handed the Democratic nomination to vice president Harris -- but is now likely to see his legacy dismantled by the Republican's stunning comeback.

US Election Results LIVE: Prime Minister Narendra Modi and US President-elect Donald Trump have "reaffirmed their commitment" to working together to further strengthen bilateral ties across a range of sectors, the MEA said on Thursday.

In a statement on the phone conversation Modi had with Trump a day ago, the Ministry of External Affairs (MEA) said the prime minister highlighted that the US leader's "spectacular and resounding victory" in the election reflected the "deep trust" of the American people in his leadership and vision.

Modi warmly congratulated him on his "re-election as the president of the United States of America as well as Republican Party's success in the Congressional elections", it said.

"They reaffirmed their commitment to working together to further strengthen bilateral ties across technology, defence, energy, space and several other sectors," the statement said.

US Election Results LIVE: Trade tensions, unfavorable remarks from Labour ministers about Trump, and speculation about Elon Musk potentially playing a role in Trump’s administration could all contribute to a rocky period between the US and the UK.

The UK's strong backing for Ukraine against Russia and its "unwavering commitment" to NATO are also expected to be significant points of contention, experts suggest.

Richard Whitman, an international relations professor at the University of Kent, remarked that the center-left government in London is likely feeling “nervous” about Trump’s return to power in Washington.

“Most of the broad parameters of British foreign policy are set by responding to what are the major preoccupations of the United States,” Whitman told AFP, highlighting concerns over Trump's stance on Ukraine and NATO.

The UK has been a leading supporter of Ukraine with both financial aid and military assistance since Russia’s full-scale invasion in February 2022, and any shift in US policy under Trump could put Britain in a difficult position.

US Election Results LIVE: Xi's congratulatory message to Trump was more subdued than when the latter first won election in November 2016.

At the time, Xi called for "greater progress in China-U.S. relations from a new starting point", saying both economies should shoulder responsibilities in areas such as world peace and stability, global development and prosperity.

Still, in an editorial on Wednesday, the state-run China Daily portrayed Trump's second presidency as a potential "new beginning in China-U.S. relations, if the chance that has been offered is not wasted".

U.S. policies and misconceptions towards China had posed challenges for ties, it said.

US Election Results LIVE: Asian currency traders are still recovering from Wednesday’s market selloff but are already preparing for further potential risks looming this week.

Trading desks across the region are gearing up for possible losses tied to key upcoming events: the Federal Reserve’s policy decision on Thursday and the conclusion of China’s legislative meetings on Friday. Should the Fed signal a cautious approach to rate cuts, or if China’s announcements fall short of market expectations, Asian currencies could face renewed pressure.

The stability of foreign exchange in Asia is once again in focus after Donald Trump’s presidential win spurred a selloff, pushing the yen close to the key 155-per-dollar mark and bringing the onshore yuan near a 16-year low. Some analysts are cautioning that new U.S. tariffs on trade partners might intensify currency devaluation pressures across the region.

US Election Results LIVE: Eminent Indian Americans have welcomed the re-election of Donald Trump as the 47th president of the United States and assured to work with him on issues of importance in the US-India ties.

“Congratulations to President Donald Trump on his decisive victory. We are in a golden age of American innovation and are committed to working with his administration to help bring benefits to everyone,” Google CEO Sundar Pichai said on Wednesday.

The American people have spoken, former South Carolina Governor Nikki Haley said.

"Congratulations to President Trump on a strong win. Now, it’s time for the American people to come together, pray for our country, and start the process of a peaceful transition,” she said

US Election Results LIVE: Taiwan plans to assist companies in relocating production from China due to the potential impact of tariffs that incoming U.S. President Donald Trump has vowed to impose, according to Economy Minister Kuo Jyh-huei on Thursday.

Trump, who will take office in January, has threatened to impose tariffs of up to 60% on Chinese imports, which could significantly affect the growth of the world's second-largest economy.

Over the past 40 years, Taiwanese companies have invested billions in China, benefiting from lower costs. However, Taiwan’s government, concerned about increased pressure from Beijing regarding its sovereignty claims, has been encouraging its companies to consider shifting investments elsewhere.

US Election Results LIVE: Joe Biden’s name may not have appeared on the ballot, but history may link Kamala Harris’ crushing defeat to his own loss. As Democrats come to terms with President-elect Donald Trump’s decisive win, some of Harris’ supporters are frustrated with Biden's decision to run for re-election until the summer. Many had long raised concerns about his age, post-pandemic inflation, and issues at the U.S.-Mexico border, and these factors likely contributed to his party’s loss of the White House.

“The biggest onus of this loss is on President Biden,” said Andrew Yang, who ran against Biden in 2020 for the Democratic nomination and supported Harris in her unsuccessful campaign. “If he had stepped down in January instead of July, we may be in a very different place.”

US Election Results LIVE: Sudhir Parikh, a prominent leader in the Indian-American community, shared his perspective on Donald Trump's victory in the 2024 US Presidential Elections. He discussed the strong support Trump received from Indian-Americans and emphasized how the US could contribute to resolving the ongoing diplomatic tensions between India and Canada.

Speaking to ANI Parikh described Trump’s win as a "historic victory for democracy," highlighting it as a testament to the strength and vitality of democracy in the US.

Representing the Hindus for Trump group, which consists of Indian Americans and South Asian Hindus who rallied behind Trump in this election, Parikh mentioned that celebrations would be held in New York and New Jersey to mark Trump's victory. The events are expected to feature elected officials, including congressmen and senators, along with various Indian-American leaders.

US Election Results LIVE: China's President Xi Jinping congratulated Donald Trump on his U.S. presidential win and urged both nations to find the "right way to get along", as looming U.S. tariffs threatened to return them to the days of a trade war years ago.

Stable, sound and sustainable China-U.S. relations serve the interests of both, Xi said on Thursday, adding that the international community would expect the two powers to "respect each other (and) co-exist peacefully".

Xi also called for strengthened dialogue and communication to resolve differences.

Ties hit a new low in recent years after clashes over issues ranging from trade and security to the future of Taiwan and the South China Sea, and only started to improve in November 2023 after a four-hour meeting between Xi and President Joe Biden.

US Election Results LIVE: The UK values its relationship with the US more than any other European nation. The "transatlantic alliance" is central to its defense and security strategy, while the City of London and Wall Street are deeply interconnected. Academic exchanges between British and American universities are common, and a Briton edits the Wall Street Journal, America’s leading business newspaper. A flight from London to New York still reflects Winston Churchill’s vision of a union among English-speaking nations.

As a result, the British establishment is shaken by Donald Trump's return to the White House, alongside a Republican-controlled Senate and victories in both the popular vote and the Electoral College. Labour leader Keir Starmer quickly called to congratulate Trump, though it's clear he would have preferred a Kamala Harris win.

US Election Results LIVE: When Donald Trump initiated a trade war with China in 2018, Beijing struggled to find a strong response. However, this time, President Xi Jinping is more prepared for the confrontation, even though the stakes are higher for China.

Trump, having secured a second term in Tuesday's election, has threatened to impose tariffs as high as 60% on Chinese imports. According to Bloomberg Economics, such tariffs could severely disrupt trade between the world’s two largest economies. This comes in addition to a series of export restrictions on advanced technologies, which the Biden administration has only intensified since Trump left office.

US Election Results LIVE: South Korean President Yoon Suk Yeol and US President-elect Donald Trump discussed the presence of North Korean troops in Russia during a phone conversation that comes amid growing concern about Pyongyang’s deepening military cooperation with Moscow.

Trump raised the topic of North Korea first during the 12-minute call and the two discussed a range of issues including intercontinental ballistic missiles being developed by Pyongyang, Yoon said Thursday in a televised press conference.

US Election Results LIVE: Donald Trump’s anticipated return to the White House is drawing attention to the U.S. dollar, with potential consequences for everything from domestic manufacturing to emerging markets if the currency’s rise continues. On Wednesday, the dollar saw its largest single-day gain in eight years, following Trump’s re-election and the Republican Party's control of the Senate, as well as gains in the House. The dollar has risen 3.8% this year, reaching its highest point in four months. The extent of the dollar's increase will likely depend on whether investors believe Trump will implement the tax cuts and tariffs central to his economic agenda.

US Election Results LIVE: Chinese social media users hailed Donald Trump’s stunning presidential comeback, while acknowledging the Republican’s political revival likely meant more turbulence for the world’s No. 2 economy.

The announcement of Trump’s election win was viewed more than 1 billion times on China’s X-like Weibo by Thursday morning, with admiration for his triumph after losing the last US election to outgoing President Joe Biden lighting up the comments section.

US Election Results LIVE: Japanese Prime Minister Shigeru Ishiba is aiming to meet U.S. President-elect Donald Trump in the U.S. later this month, according to four sources quoted by Reuters. This move is seen as an effort to build a relationship similar to that of former Prime Minister Shinzo Abe's close ties with Trump during his first term.

The U.S. is Japan's key economic and security partner, while Japan plays a crucial role as a major ally to Washington in Asia, hosting military bases that help maintain a strong U.S. presence near China.

Ishiba informed reporters that he had a brief, five-minute phone conversation with Trump on Thursday morning, Japan time, and both leaders agreed to arrange a meeting as soon as possible.

US Election Results LIVE: Central bankers worldwide are assessing the potential realization of their biggest concerns following Donald Trump’s decisive return to the US presidency.

Trump has pledged to impose tariffs on US imports, which could disrupt global trade, implement tax cuts that may further strain the federal budget, and pursue deportations that could reduce the availability of low-cost labour.

These actions present two primary risks: a slowdown in global economic growth and higher domestic inflation, which could make the Federal Reserve less inclined to cut interest rates. The likely outcome would be a stronger US dollar, limiting developing countries’ ability to adjust their monetary policies.

US Election Results LIVE: South Korean President Yoon Suk Yeol and US President-elect Donald Trump discussed the presence of North Korean troops in Russia during a phone conversation, amid growing concerns about Pyongyang’s increasing military cooperation with Moscow, reported Bloomberg.

US Election Results LIVE: Donald Trump’s return to power and the collapse of Germany’s ruling coalition are set to be key topics at a summit in Budapest on Thursday and Friday, where nearly 50 European leaders will meet to discuss issues such as support for Ukraine, migration, economic security, and the EU’s diminishing competitiveness.

While European leaders have generally congratulated Trump, they face uncertainty regarding U.S. support for Ukraine in its war with Russia, the U.S. commitment to NATO, and the potential for new tariffs on their exports to the United States.