Economy Watch

What a Biden win means for the financial markets

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

Major indexes in Shanghai (from left), Tokyo and New York seen rising last Wednesday. Over the past week, there has been evidence that investors have already started piling into renewables, industrials and other sectors that could benefit from Mr Joe Biden winning the US presidential election. PHOTO: EPA-EFE

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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A version of this article appeared in the print edition of The Straits Times on November 09, 2020, with the headline 'What a Biden win means for the financial markets'. Subscribe