Asianfin -- China’s yuan and stock markets saw significant declines on Wednesday, driven by concerns that another Donald Trump presidency, along with Republican control of the U.S. Congress, could lead to heightened tensions over trade and technology issues. By the close of Chinese markets, Trump had declared victory over Democrat Kamala Harris in the closely contested U.S. presidential race. U.S. stock futures surged and the dollar strengthened as Republicans secured a clear majority in the Senate, though it remains unclear which party will control the House of Representatives. In China, the CSI300 Index, which tracks major blue-chip stocks, dropped 0.5%. Hong Kong's benchmark Hang Seng Index, which is more sensitive to foreign investor sentiment, fell by 2.3%. The Hang Seng China Enterprises Index also dropped 2.6%. Tech stocks listed in Hong Kong took a hit, with e-commerce giants JD.com and Alibaba both declining by 4%.