As soon as the electoral vote tally in the U.S. started to show Republican Donald Trump had an edge over Democrat Hillary Clinton, the benchmark Korea Composite Stock Price Index(KOSPI) headed south fast, plunging as much as nearly four percent at one point of the day on Wednesday.

At the close, the KOSPI lost 45 points, or two-point-25 percent, to close at one-thousand-958-point-38. 

The tech-heavy KOSDAQ came crashing down 24-point-45 points, or three-point-92 percent to 599-point-74, marking the first time in about nine months for the index to fall below the 600 threshold.

On the foreign exchange market, the value of the local currency dropped 14-point-five won against the U.S. dollar to one-thousand-149-point-five won.