Markets fell on news of US Supreme Court ruling

The US Supreme Court allowed the grand jury of New York to receive financial statements from President Donald Trump, reports Bloomberg.

This decision is likely to save the US president from verification, which would be accompanied by the disclosure of tax returns and other information that he had long refused to make public. At the same time, the court’s decision allows legislators and public prosecutors to access the president’s personal records.

In response, Trump tweeted that it was “political persecution.” The markets reacted to this news with a sharp decline, as the court decision increases the chances of victory for Trump’s opponent in the November presidential election in the US, Democratic candidate Joe Biden.