Investors worldwide are closely monitoring the US presidential election as its outcome could influence global markets, particularly in Asia. Asian stock indexes rose on Wednesday morning, with Japan’s Nikkei 225 up 2.25% and Australia’s ASX 200 increasing by 1%, while Chinese indexes fell. The US dollar strengthened against major currencies, and Bitcoin reached a record high of over $75,000.
A potential Trump victory could mean heightened trade tariffs, especially on China, impacting Asian markets. Harris, in contrast, is expected to maintain a more predictable trade stance, possibly with tighter regulations on banking and healthcare, and support for renewable energy. Additionally, the US Federal Reserve’s upcoming interest rate announcement and China’s economic plans remain in focus.
