Economy Watch

What a Biden win means for the financial markets

Expect shift in priorities and market focus on specific sectors, among various scenarios

US President-elect Joe Biden inherits the worst economy for any incoming leader with unemployment edging towards 9 per cent. PHOTO: AFP
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SINGAPORE - Several weeks ago, I ventured a guess that there is a two-thirds chance that Mr Joe Biden will win the presidential election. This has come to pass.

While the Biden victory will see a shift in priorities and trigger a market scramble towards specific sectors, stocks and investments, the new administration will not have it easy.

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