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US PRESIDENTIAL ELECTION

US election unlikely to tip scales for Asian stock markets, say analysts

Investors advised against shifting portfolios in knee-jerk reaction to political developments

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The New York Stock Exchange in Manhattan. A Democrat president could see greater antitrust moves against US big tech, as well as larger fiscal stimulus that would hurt the US dollar, says Freddy Lim, chief investment officer at StashAway.

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Volatility, already at high levels even before the US election, is likely to drop with a confirmed election result, says Prashant Bhayani of BNP Paribas.

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Jean-Louis Nakamura at Lombard Odier does not expect any clear positive impact from Joe Biden’s policies to Asian markets.

Singapore

WHILE the US presidential election is likely to cause some degree of volatility in financial markets, experts advise investors in Singapore and the broader Asia region against shifting their portfolios in a knee-jerk reaction to unfolding political developments.

A recent...

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