World markets cash in on Obama win (AP)

A TV presenter is seen with an U.S. flag at the stock market in Frankfurt, central Germany, Wednesday, Nov. 5, 2008, the day after Barack Obama was elected new President of the United States. (AP Photo/Michael Probst)AP - Most world markets traded lower Wednesday despite strong gains in Asia overnight as investors booked profits after Barack Obama won the U.S. presidential election and the Democrats took a firmer hold on Congress.

AP

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