By Sinead Cruise
LONDON, Nov 9 (Reuters) - Shares in London-listed banks andwealth managers fell on Wednesday after Republican partycandidate Donald Trump romped to a shock victory in one of themost unlikely United States presidential races seen in livingmemory.
Europe's largest lender HSBC saw its stock slide by2.8 percent as trading began, as investors fretted about itsinterests in the U.S. and Mexico - where the value of the pesohas dropped to a record low versus the dollar - and the economicdamage posed by a vast border wall the president-elect has vowedto build.
Shares in Asian-focused lender Standard Chartered fell 3.4 percent, while Barclays - which recentlypledged to pursue a transatlantic strategy focused on the U.S.and Britain - slumped 3.7 percent.
"Any macro shock for an economy which is printing its lowestdecile unemployment historically could lead to a sharp declinein earnings through higher risk," analysts at Bernstein said ina note on Wednesday, adding that the result would prevent aFederal Reserve rate rise "anytime soon", hurting HSBC andStanChart the most.
"It should also result in hits to investment bankingearnings globally which are anyway going through rough times,"the note continued, flagging particular pain for Barclays.
British state-backed banks Royal Bank of Scotland and Lloyds Banking Group suffered falls of 3 percentand 3.5 percent respectively, helping to push the main Europeanbanking index down by 3.7 percent.
Celebrity property magnate Trump paved his way to the WhiteHouse with a series of surprise wins in key states like Floridaand Ohio, rattling world markets that had expected DemocratHillary Clinton to defeat the political outsider in Tuesday'sU.S. election.
MONEY MANAGER WOES
Investment managers running hundreds of billions of poundsin institutional and private wealth fared little better inshellshocked markets reminiscent of the morning after Britain'svote to quit the European Union in June.
Money managers Schroders and Aberdeen AssetManagement saw stock prices fall by 3.9 percent and 4percent respectively, while shares in St. James's Place fell 3.9 percent.
Europe's largest listed hedge fund firm Man Group failed to buck the downward trend, with shares falling 2.3percent shortly after market open.
"The extent of further fallout over the trading day todaywill depend to some degree on the rhetoric from Trump," DerekHalpenny, European Head of Global Markets Research at MUFG said. (Additional reporting by Lawrence White, Simon Jessop andRitvik Carvalho, editing by Rachel Armstrong)
