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
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.