U.S. stock indexes were narrowly mixed in early trading Wednesday as the initial shock faded from Donald Trump's victory in the country's presidential election. Stocks in Europe also were mixed after Asian markets fell sharply as the vote count in the United States late Tuesday made it apparent that the billionaire real estate mogul was headed to an unexpected win. European stock indexes were down as much as 2.7 percent early Wednesday, but those losses moderated in later trading. Asian markets In Asia, Japan's NIKKEI lost nearly 5.4 percent, while Hong Kong's Hang Seng was down more than 2.3 percent. Many traders moved money into safe investments like gold. The price of the precious metal rose 3.7 percent. In Bangkok, Vikas Kawatra, of SCB Securities, told VOA's Ron Corben the downturn highlighted uncertainties about Trump's promises to deregulate business and make drastic changes in U.S. trade policies. Billionaire investor and Trump supporter Carl Icahn told The Wall Street Journal that Trump plans to cut regulations and that will help business grow over the long term. Other analysts in New York tell VOA's Jill Malandrino that Trump's drive to cut regulation could be helpful to the oil drilling and banking sectors; but, they also say Trump's restrictive trade policies could hurt overseas revenue for multinational companies. Jim Malandrino contributed to this report.